Speaking to The Chronicle, Shipping and Forwarding Agents’ Association of Zimbabwe (SFAAZ) chief executive officer Mr Joseph Musariri said that the Zimbabwe National Road Administration (ZINARA) and Vehicle Inspection Department (VID) in Beitbridge are rejecting bond notes.
VID and Zinara at the border are demanding cash and that is affecting us a lot because there is no cash to talk about. Just yesterday I was getting complaints that Zinara is refusing bond notes when members want to buy coupons (toll fees). We don’t know why they are rejecting bond notes saying it’s not a currency yet they are Government departments.
We should be allowed to swipe or use whatever cash we can produce to Government agencies. Movement of goods should be seamless. Rejection of bond notes is creating a bottleneck in the movement of goods in addition to the inconveniences that it causes.
When contacted for comment by The Chronicle, Transport Minister Joram Gumbo who is in Malaysia said that Government departments should not reject bond notes as they are legal tender.
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Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes
Jorum Macdonald Gumbo is a Zimbabwean politician who is a member of the ZANU-PF party. Gumbo is the former Minister of Energy and Power Development. He was replaced by Fortune Chasi in May 2019. He is the Member of parliament for Mberengwa West Constituency. Gumbo... Read More About Joram Gumbo
The Zimbabwe National Road Administration (ZINARA) is a Zimbabwean government department under the Ministry of Transport and Infrastructural Development which is currently led by Joram Gumbo . Its key mandate is to ensure the maintenance of the country's roads including the major highways. Read More About Zimbabwe National Road Administration