Outrage over bond notes

Economic analysts, opposition parties and ordinary Zimbabweans yesterday reacted angrily to government's decision to introduce bond notes to contain the cash crunch, arguing the move would effectively bring to an end the economic stability brought about by the introduction of the multi-currency system in 2009.

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday said government would in the next two months introduce $200 million worth of bond notes in denominations of $2, $5, $10 and $20, to add to the family of bond coins currently in circulation to ease the cash crisis.

Soon after the announcement, people took to social media platforms to blast government for hatching a clandestine plan to reintroduce the long-abandoned Zimdollar that would bring an economic meltdown similar to the one in 2008.