RBZ moves Bond Notes introduction date

The Financial Gazette reports that Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, revealed that the introduction of bond notes has been moved to early November, with a public campaign on the new currency expected to commence at the end of this month.

Mangudya had indicated during his mid-term monetary policy statement last month that the bond notes would be unveiled to the market at the end of this month. However, he said the marketing of the new currency, said to be a surrogate of the dominant United States dollar, would start on October 31 with the release of bond notes expected in early November.

The RBZ governor said bond notes would in fact help maintain the current multi-currency system rather than eliminate it and that they would be used as an incentive for exporters.