RBZ says it will not disclose bond notes features before their launch next week

Posted by Tayana

The Reserve Bank of Zimbabwe (RBZ) has said that it will not disclose bond notes features before their launch next week for security reasons.

RBZ governor, Dr John Mangudya said,

We will only advertise the features of the bond notes simultaneously with their release and this is for security reasons. For example, if we are to reveal before their release that one of their features is brown in colour that threatens the security, which we are supposed to give to the notes before they start circulating.

Dr Mangudya has hinted that bond notes worth $75 million of the $200 million Afrexim Bank would be released by the end of December in $2 and $5 denominations.

More: Chronicle

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