The Employers’ Confederation of Zimbabwe (Emcoz) yesterday took the Reserve Bank of Zimbabwe (RBZ) to task over the introduction of bond notes, saying the move was ill-advised and there were no consultations.
Emcoz executive director, John Mufukare said the central bank had not consulted adequately before moving to introduce the bond notes. During a congress held in Victoria Falls, the employers asked RBZ director of economic research, Simon Nyarota why consultations were not done. They also said that the cash crisis was a result of Government overspending.
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