The Permanent Secretary in the Ministry of Finance and Economic Development, George Guvamatanga has said that he projects a situation whereby members of the public will favour new notes over bond notes. He said that there is a likelihood that bond notes will be returned to the banks although they will be holding the same value with the new notes which are yet to be introduced. Listen to the audio below in which he explains how the new notes will work.
Bond Notes and Bond coins will initially circulate alongside the new notes when they are introduced. Of course those hoarding the Bond Notes will hopefully offload them onto the market in preference to the new notes pic.twitter.com/ioRBpCHtML
— Nick Mangwana (@nickmangwana) November 1, 2019
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