Chiyangwa backs tracks on bond notes

Affirmative Action Group (AAG) founder and businessman, Phillip Chiyangwa says the introduction of bond notes is proving to be a critical remedy to liquidity challenges the country has been facing.

The business man was recently quoted by local publications as having criticised the introduction of bond notes.

However, speaking to the ZBC News today, Chiyangwa said he had been misquoted, adding that bond notes are emerging as a perfect solution to problems that have been bedeviling Zimbabwe's economy.

Chiyangwa further stated the need for the public and traders to desist from the culture of holding onto hard cash so as to guard against artificial cash shortages.

Chiyangwa said the acceptance shown by all sectors of the economy are an indication that bond notes introduction is yielding fruit.