RBZ says challenges are not going to be solved by bond notes

The Reserve Bank of Zimbabwe says that the country’s problems are not going to be solved by bond notes. The central bank said that bond notes are only a temporary solution and that the real challenge that needs to be addressed is production.

This was revealed by Speaking RBZ Deputy Governor Dr Khupukile Mlambo yesterday when he spoke of the 100 days of bond notes.

Our solutions to our challenges are not going to be solved by bond notes, but the solutions are in the factories.
We need to be productive and we need to be competitive and so forth. We need to create a conducive environment for all of us to operate. We need to keep the confidence with the bond notes in existence by not printing too much, that every bond note is backed by the $200 million [Africa Export and Import Bank loan] facility and if we don’t do that we will start having challenges

I think the bond notes are working in the areas we expected them to work, but they are not the final solution to the problems that we are facing. The companies in the factory need to produce, looking at policy-making with the Office of the President and Cabinet, which is currently working on the 100-day rapid results

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