Chinamasa contradicts Mnangagwa on bond notes

Responding to questions in Parliament on Wednesday, Finance Minister Patrick Chinamasa and Vice President Emmerson Mnangagwa made contradicting statements concerning the use of bond notes by the public.

While responding to a question from Marondera Central MP Lawrence Katsiru relating to what measures Government was taking against those that are not accepting the surrogate currency, Chinamasa said that the introduction of the new currency had brought its own “teething” problems. Chinamasa said that businesses were compelled to accept the notes as legal tender and Government had put in place measures to deal with those that refused them:

The issues that he raised, there is already a hot line to assist the smooth introduction of the bond notes so that any issues of the nature raised by the honourable member can be followed up with the relevant culprits and we will be able to deal with those cases where they refuse to accept them.

Meanwhile Mnangagwa had said that those who had no faith in bond notes were not compelled to use them. Mnangagwa said:

Those amongst us who feel uncomfortable in using the bond notes should not, and continue using the US$ because the bond note and US$ are interchangeable. So, there is no need for anybody to worry. If you have no faith in the bond note, why do you not continue using the currency which you have faith in?

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