No going back on bond notes: Mugabe

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HARARE – Contrary to widespread speculation that the country will abandon plans to introduce the much-loathed bond notes and instead adopt the South African Rand, President Robert Mugabe yesterday said the only option available is the bond notes and that Zimbabweans just need to be pepped about the substitute currency.

The social media has been awash with speculation that after much vilification the Reserve Bank of Zimbabwe would abandon its plans to introduce the bond notes.

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The speculation was further given traction by the Bankers Association of Zimbabwe when they said that the adoption of the more stable Rand is a better option compared to the bond.

But Mugabe told his central committee yesterday that the bond notes, that his government hopes will ease cash shortages, are coming soon.

“The issue of bond notes shall be explained to our people, against the disinformation by the opposition parties who write everything on this issue misinforming people.

“We will introduce bond notes, the first phase (introduction of bond coins) was received well but when they came to second phase (bond notes) it was received with much criticism but we need to educate our people,” said Mugabe.

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