Published On: Mon, Oct 31st, 2016

Zimbabwe finally launches Bond Notes

Zimbabwe reserve bank(RBZ) will today embark on a nationwide campaign as bond notes are rolled out.

RBZ boss John Mangudya said the token notes would be introduced any time from now.

PEOPLE queue for cash at a bank in Bulawayo yesterday.

The bond notes, which are guaranteed by a  $200 million African Export Import Bank (Afrexim) loan facility, will be at par with the US dollar.

Mangudya would not be drawn into revealing the exact date the bond notes would be released citing security concerns.

“I can’t divulge the exact date for their (bond notes) release because of security issues and doing so is tantamount to failing in our duties as monetary authorities,” he said.

A source at the reserve bank who requested anonymity as she is not authorised to speak to journalists, revealed to us that the notes are ready and have been distributed to all major cities and will be in the streets any minute from now.

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