The scarcity of bond notes in the economy has created an opportunity for unscrupulous individuals to exploit citizens, with the notes being sold at high premiums.
Those with ready access to the notes, such as transport operators, EcoCash agents, tuck-shop owners and fuel dealers are now selling the notes to the public at exorbitant markups as high as 35 per cent for every transaction.
Since the banning of the multi-currency system, some businesses now refuse to accept electronic payments, demanding cash instead.
Electronic payments are not popular due to the high transaction charges like the two per cent transaction tax, transfer fees and several other related fees.
More: ZBC News
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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