Business / Local
Business sector gives bond notes thumbs up
18 Jun 2016 at 09:14hrs | Views
The Confederation of Zimbabwe Retailers (CZR) has claimed that businesses are ready to use bond notes.
It said the sector is fully behind the controversial move.
The bond notes would be in circulation in October.
The association held private talks with Vice President Emmerson Mnangagwa in Harare on Friday.
CZR president Denford Mutashu told journalists after the meeting that they held frank discussions with the aim of finding a common ground to ease the cash crisis.
The retail sector has been accused of externalising funds through importing unnecessary goods.
However, Mr Mutashu says the sector is now in the process of rationalising its systems so that they compliment policies being formulated by the government to stimulate economic activity.
It said the sector is fully behind the controversial move.
The bond notes would be in circulation in October.
The association held private talks with Vice President Emmerson Mnangagwa in Harare on Friday.
CZR president Denford Mutashu told journalists after the meeting that they held frank discussions with the aim of finding a common ground to ease the cash crisis.
The retail sector has been accused of externalising funds through importing unnecessary goods.
However, Mr Mutashu says the sector is now in the process of rationalising its systems so that they compliment policies being formulated by the government to stimulate economic activity.
Source - Online
