In a ministerial statement on cash shortages and bank charges delivered in Parliament on Thursday, Finance Minister Patrick Chinamasa denied that bond notes have failed and stated that they have helped boost exports.
As to the allegation that bond notes have failed, I categorically state that this is not the case. Their issuance has helped boost production and exports besides providing a medium of exchange which cannot be externalised. The problem is basically low circulation of currency through lack of discipline and confidence. What is gravely required at this juncture is to enhance export productive capacity so as to increase exports.