Chinamasa says fake bond notes have been printed to coincide with the release of real ones

Posted by Tayana

Addressing legislators at the at the 2017 pre-Budget seminar in Bulawayo, the Minister of Finance and Economic Development, Patrick Chinamasa, said the ongoing nationwide public awareness campaigns were meant to empower the transacting public and warn them against conmen.

He said,

You may not be aware of this but fake bond notes have been printed to coincide with our release in order to confuse the situation. You may also need to know that some people have been going to the people where we put orders for printing and threatening litigation and bad publicity. Because we have reputational issues, every threat is considered valid, which is why we are no longer giving a running commentary on what we are doing.

The minister would not elaborate on who are the culprits and how they accessed key features of the proposed notes before their release. The initial deadline for the release of bond notes was end of October. However, the RBZ withheld their injection in order to extend campaigns and educate the public on the denominations and operations of the bond notes.

More: Herald



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