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Bond notes lapped up like honey, state media says

by Mary Charamba
02 Dec 2016 at 11:15hrs | Views
Zimbabweans are snapping up bond notes at neck breaking speed, state media has claimed.

Writing in his Friday column, Spectrum, Herald Deputy Editor Joram Nyathi said bond notes are being "lapped up like honey" describing Reserve Bank of Zimbabwe governor John Mangudya as a genius.

"My views on bond notes have been consistent, even if informed by ignorance of economics. The zeal and passion of the ignorant.

"I am happy bond notes are finally dripping into the economy. More than that, they are being lapped up like honey, more than most of us feared. Thanks Dr Mangudya for finally taking the plunge" wrote Nyathi.

On Monday, RBZ released an initial $10 million worth of bond notes in small denominations of $2 and $5, more cash is to be gradually availed in the coming weeks and months.

Before their release, several protests occurred in major cities against their introduction.

Added Nyathi "PS: Now that Zimbabweans across the board have tasted and love the bond notes, what's going to be the mobilizing cause for the next "mother of all demonstrations?".

Source - Byo24News