Are bond notes coming Monday?

Are the dreaded bond notes coming onto the market on Monday?

That is the question on most people’s minds as the government and the central bank governor John Mangudya have been dodgy on when the currency which is meant to easy the current cash crisis in the country will be introduced.

But Bulawayo Provincial Affairs Minister Eunice Moyo might have let the cat out when she told Sizinda residents, according to The Chronicle: “As from Monday bond notes will be in our banks because people are struggling to get the US dollar. Let’s embrace the bond notes sisebenze ngawo, you will see that life will change.”

Mangudya has been at pains to convince the people that bonds notes are not Zimbabwe dollars or  signal the gradual return of  the Zimbabwe dollar because the public is afraid of losing out as it did during the years of hyperinflation which ended in 2008.

Like during the hyperinflation years, it is the poor that bear the brunt. The rich make a killing because they quickly cash-in on any loopholes before the poor catch-up.

The Zimbabwe dollar was demonetised last year with “all genuine or normal bank accounts, other than loan accounts, as at 31 December 2008” being paid an equal flat amount of US$5 per account.

The central bank set aside only $20 million for the exercise.

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