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.

More: NewsDay


Are you in Zimbabwe?
Read Pindula News without data on your phone on freedata.pindula.co.zw
 
Only Applicable to Econet lines

#FreeData

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/GmBajedSJpm9SzNQVdeBAQ


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.