Bring on bond notes as bonus, civil servants

Civil servants unions have indicated that their membership would accept bond notes as bonus payments as they are desperate for money.

 However, others said Government is feeding off that desperation to serve 'rats as relish'.

Government has not announced if civil servants would be awarded a bonus this year. Civil servants have in-turn demanded to be paid before Christmas.

Sifiso Ndlovu, the chief executive officer of the Zimbabwe Teachers' Association said they would not reject bonus payments in bond notes.

"The issue of bond notes was a resolution for internal functioning of our economy. We cannot reject it".

Nurses Association's general secretary, Enock Dongo set conditions for accepting the bond notes.

"We stand by the concept of bond notes. If the official exchange rate of 1 to 1 against the United States dollar stands, we don't have any issue.

"But if it starts being rated, then we have a problem. We don't want our people to suffer."

The Reserve Bank of Zimbabwe on Wednesday announced that it would inject a further $7 million worth of bond notes bringing a total to $17 million in  circulation.