Bond notes u-turn gets thumps up

Economists have welcomed both President Emmerson Mnangagwa and new Finance minister Mthuli Ncube's move to rule out the immediate return of the decommissioned Zimbabwe dollar.

This  comes after government said the country will for now continue to use bond notes and the multiple currency system until the local economy stabilises.

Meanwhile, Professor Ncube directed all traders to accept bond notes as they remain legal tender in the country.

This comes as some unscrupulous wholesalers and retailers are understood to be rejecting bond notes claiming they would soon be demonetised. Prof Ncube said it was wrong for traders to reject bond notes when no currency reforms have been instituted.