Chinamasa says bond notes will increase private consumption

While presenting the 2017 National Budget Statement to Parliament in Harare yesterday, Minister Patrick Chinamasa said with the slowdown in economic activity in the country, aggregate demand remained suppressed.

Said Chinamasa:

The broadening of the range of multi-currencies through the addition of the $1 bond coin and the $2 and (soon to be introduced) $5 bond notes as an incentive to increased production for exports should spur private spending on the back of cash and liquidity improvements, that way boosting aggregate demand.

More: Herald, Chronicle