Chinamasa says bond notes will be released after publicity campaigns

Posted by Tayana

Finance Minister Patrick Chinamasa has said that Zimbabwe will only introduce bond notes into the economy when the central bank is satisfied with levels of public awareness of the new currency’s features.

In a statement released along with the government notice announcing the bond notes as legal tender, Chinamasa said,

When the Reserve Bank of Zimbabwe is satisfied that the public is sufficiently conversant with the salient features of the Bond Notes, it will proceed to issue the Bond Notes accordingly in line with the Export Incentive Scheme.

Central bank spokesperson, Isaac Muzambi told The Source on Tuesday that governor, John Mangudya had set a timetable for the release of the bond notes.

I think the governor has a date and will announce it in due course. We would want more people at least to have basic information about the bond notes. So the publicity campaign is going to cover that and also the statutory instrument gives us the legal basis to do that.

More: The Source



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