Government releases statutory instrument on bond notes

Government has gazetted the statutory instrument on bond notes. The statutory instrument is meant to clear any legal hurdles before their imminent introduction.

In September the Constitutional Court ruled that it was premature for Joice Mujuru to legally challenge the introduction of bond notes, as the government had not yet crafted an enabling law to operationalise the currency.

Mujuru, through her lawyer, Lovemore Madhuku, who was instructed by Gift Nyandoro, argued that government’s plans to introduce bond notes were an infringement on her constitutional rights.