Govt Is Not Phasing Out RTGS, Bond Notes: Mnangagwa

Speaking during the breakfast engagement with bankers and captains of industry and commerce at State House in Harare yesterday, President Mnangagwa urged depositors not to worry over the value of their Real Time Gross Settlement (RTGS) balances and bond notes since Government is not phasing them out.

Mnangagwa said there is no policy change that to warrant people to panic over RTGS and bond notes value. Said Mnangagwa:

While the country is going through difficult times mainly because of lack of foreign currency to meet the growing demand for foreign exchange across all the sectors of the economy, I would like to assure you all that the current multicurrency system is here to stay. All your RTGS balances at banks and bond notes in circulation, are safe and secure. There should be no pressure to exchange or offload these balances as Government policy has not changed to warrant such anxiety.

More: Chronicle

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One Comment on “Govt Is Not Phasing Out RTGS, Bond Notes: Mnangagwa

  1. phasing out bond notes will be the dead end of Zimbambwe…It will be like erasing Zimbambwe from the African map.Zimbabwe does not have a secure gold reserve to back up a new we need to relax a bit…

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