Home » Business » ZIMBABWE’S NEW BOND NOTES BRING RELIEF TO SOME BANK CUSTOMERS

The introduction of "bond notes" into the Zimbabwean economy Monday to alleviate a cash shortage has brought excitement to citizens although they fear an injection of fake notes by the unscrupulous.

The Reserve Bank of Zimbabwe (RBZ) rolled out a massive campaign to raise awareness of the public on the reasons for introducing the surrogate currency as well as warning against counterfeits prior to its circulation on Monday.

Hundreds of people queued at the banks waiting to withdraw the bond notes although they had mixed feelings about the new legal tender. One of them, Emilia Mundoro, said she was looking forward to easy withdrawals without having to endure long hours in queues, only to get small amounts of as little as 20 US dollars or in some cases 50 dollars.

The US dollar has been the most widely currency in use in the country in the past few years after the former Zimbabwe dollar was demonetised after rampant inflation in the last decade rendered it virtually valueless.

"What we now want is to be able to make withdrawals without having to stand for hours in queues," said Mundoro. "The government assured us that the situation will not go out of hand like it did a few years ago so we are just holding on to that assurance," she said.

Source: NAM NEWS NETWORK.

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