Mangudya speaks on the exact date bond notes will be released

Posted by Tayana

The Reserve Bank of Zimbabwe (RBZ) will, starting today, embark on a countrywide public awareness campaign ahead of the introduction of bond notes.

Speaking to The Chronicle RBZ Governor John Mangudya said,

Starting on Monday (today), we’ll be in the six weeks public awareness campaign for the introduction of the bond notes so that the public gets to know the features of the notes. During the campaign period, we’ll also be working with various media houses to disseminate information on the bond notes.

Mangudya also spoke on the exact date when bond notes will be released and said,

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.

The bond notes would be first unveiled in smaller denominations of $2 and $5 before gradually rolling out the $10 and $20 notes. The first phase of the bond notes introduction will see $75 million being released by the end of December.

More: Chronicle



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