RBZ tipped on 'new currency'

Analysts believe that the Reserve Bank of Zimbabwe has to rope in key stakeholders such as the retail and transport sectors if bond notes are to be accepted.

RBZ is set to introduce bond notes next month under a $200 million export incentive facility guaranteed by the African Export-Import Bank (Afreximbank).

The facility will give a 5% incentive to exporters in the form of bond notes.

Labour and Economic Development Research Institute of Zimbabwe senior researcher Prosper Chitambara said the central bank needed to carry out an intensive public relations exercise to educate the people on how the bond notes are expected to work.

Another local analyst said when Gideon Gono was at the helm of RBZ, the central bank used to communicate a lot with the members of the public, something he said was the missing link ahead of the introduction of bond notes.