Bond notes will arrive early November

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According to a report published earlier today by the Financial Gazette, the much anticipated Bond Note will begin circulating early November 2016.

In an interview with FinGaz, RBZ Governor Dr. John Mangudya clarified previous reports of its release this month by confirming that marketing of the bond note would begin on the 31st of October and its release would follow in the first weeks of November.

Marketing of the bond note would typically include: introducing the public to different note denominations, notifying the public on key security features and educating the public on how the bond note will fit into the current multi-currency system.

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The Bond Notes, at the time of their announcement were said to help ease the cash shortages prevailing at the time. The introduction of bond notes has faced its fair share of skepticism and public resistance, we once conducted a poll where 87% of TechZim readers were against them. We have also written about the role of tech in the Bond Note era

 

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