Employers reject bond notes, say no consultations done

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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