Two in three Zimbabweans skeptical of Bond Notes, NewsDay Facebook poll

Posted by Tayana

Two in three Zimbabweans hold a negative view of bond notes, as the “surrogate” currency’s debut into the market nears. In a poll conducted on NewsDay’s Facebook page, most respondents had negative views about the bond notes. The results were taken from 202 people, who participated in the poll.

About 19,8% held a positive view, mainly citing it as a way of dealing with queues and gripping cash shortages. The remainder of the respondents were indifferent, citing government’s general lack of consultation or engagement on key policies with the public as the main reason.

A Facebook user named Brian said,

Currency reforms are not the panacea to the plethora of economic challenges we face today as a country … So the introduction of bond notes without addressing all those underlying issues will not have the much needed economic benefits.

Of those who supported bond notes, many were largely for it due to its convenience with a Facebook user named  Ronald saying,

Let them come because we have a money crisis … We are tired of queuing for cash.

Bond notes are expected to be released into the economy at the end of the month under the $200 million export incentive facility guaranteed by the African Export-Import Bank.

More: NewsDay



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