News / National
'Introduction of bond notes, a better DEVIL'
19 Jun 2016 at 07:19hrs | Views
A Bulawayo based lawyer Robinson Mahachi has claimed that the introduction of the #bond_notes at the time when the country faces serious cash shortages appeared to be a better devil.
On his Facebook post Mahachi said if one has not more than a thousand United States dollars in their account and they are not exporting or importing anything or in such business he does not understand exactly what interests they are protecting to resist the bond notes.
"The introduction of bond notes into a cashless economy appears to be the better 'devil'," he said.
"Surely can we continue to talk about a non existent dollar amid the suffering that people are going through in bank queues? Let us give the bond note a chance if ever the authorities decide to release it .It will stimulate activity which is currently non existent. Speculators will always be there ,those that would want to juggle with currency."
Mahachi said as long as measures are put in place by government to support the importer with the necessary currency for them to do business he don't see how things can vanish from shops.
"People must have something as a medium of exchange for goods and services.If leaves were not that common we could even use them.There is no magic in money. Whatever people accept to use as medium of exchange can act as money. Money thrives on acceptance. May we accept the bond note grudgingly of course but I see no other way until 2018," he said.
On his Facebook post Mahachi said if one has not more than a thousand United States dollars in their account and they are not exporting or importing anything or in such business he does not understand exactly what interests they are protecting to resist the bond notes.
"The introduction of bond notes into a cashless economy appears to be the better 'devil'," he said.
"Surely can we continue to talk about a non existent dollar amid the suffering that people are going through in bank queues? Let us give the bond note a chance if ever the authorities decide to release it .It will stimulate activity which is currently non existent. Speculators will always be there ,those that would want to juggle with currency."
Mahachi said as long as measures are put in place by government to support the importer with the necessary currency for them to do business he don't see how things can vanish from shops.
"People must have something as a medium of exchange for goods and services.If leaves were not that common we could even use them.There is no magic in money. Whatever people accept to use as medium of exchange can act as money. Money thrives on acceptance. May we accept the bond note grudgingly of course but I see no other way until 2018," he said.
Source - Byo24News
