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Techzim reader poll: bond notes are unwanted

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This week, the Reserve Bank of Zimbabwe (RBZ) ran several public notices on bond notes as inserts in newspapers. Attempting to bring clarity on “the export bonus scheme” backed by bond notes, the inserts basically did a Q&A  on the forthcoming injection of fresh liquidity into the economy.

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Following that development, Techzim carried out a snap survey on our readers to find out how, after the RBZ clarifications, they felt about the new policy. Did our readers feel bond notes were a good thing?

 

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The results speak for themselves.

For the nearly 150 respondents who took our poll, the vast majority – 87 percent – think the new short-term policy measure is a bad thing. And a paltry minority, 13%, think bond notes are a good thing. This poll, whose sample size is statistically significant, reflects what our readers feel not only about the initial announcement about bond notes, but also about how they feel even after the central bank tried to allay public doubts and misgivings through public media.

Bond-coins-on-table

Bond notes remain unpopular and controversial, and the central bank’s firefighting is making little headway.

What is your opinion on bond notes? Let us know in the comments below, and via Twitter – tweet to @techzim

 


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14 thoughts on “Techzim reader poll: bond notes are unwanted

  1. Guys why can’t you run your poll on Facebook which is more popular with zimbababweans i am sure you can get way more than 150 votes i personally myself dont use twitter so you are one vote short

    1. Even here on their homepage. I have seen it on other websites, not really sure how complex it is to include those radio buttons here. Just saying.

  2. And how exactly is this technical?

    If we want politics and measure how people feel, there is no shortage of such forums. Lets keep to what techzim do best and leave populist stories to those who do them best.

  3. Why can’t you use the very popular social networks in Zim? Facebook will give you a fair opinion as compared to Twitter in Zim.

  4. What the public is missing is we have already moved back to the zim dollar. It may be called the usd but if it is only in a bank account and you can’t send it out the country then it is usd by name only… bond notes are just the final nail because then we won’t even be able to get usd cash in any quantity meaning the money is now only useable inside Zimbabwe and is the Zimbabwe dollar one again. If you can’t externalise it it isn’t an international currency and isn’t the usd

    1. “…if it is only in a bank account and you can’t send it out the country then it is usd by name only…”

      So shallow it’s just hilarious!

  5. bond notes wont do caz those foreign company wont go bc to their mothr country wont be abl t be used

  6. Watch out the inflation it is going to be sky high again and we will be in the same mess we were a while ago. There is going to be two currency rate same and some cronies will play the same game again.

  7. Personally I think there is absolutely nothing wrong with bond notes nor the coins already in circulation. As long as there are backed by the actually USD which is the loan facility the RBZ secured, we are pretty much OK. (The Governor and his team did and are doing a great job in trying to temporarily deal with economic crissis.) That will act as a control, plus do bear in mind that the bonds will only get into circulation as an Export Incentive that the RBZ will grant to local manufactures and exporters if I’m not mistaken.

  8. In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, {is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.} In other words a bond is an agreement that the RBZ or the Banks owe the citizens the equivalent of the amount stated on the bond note and the RBZ/Banks are obliged to pay back that amount to the citizens when the maturity date expires or in our case upon request. So it’s just a smart move to enable circulation of hard cash in the form of a bond note which is a promissory note and in any case if you are not comfortable you can choose to trade using plastic money i.e electronically via P.O.S, online as well as mobile banking. That way you avoid contact with the harmless Bond Notes. N.B: This is not a strategy by the RBZ to reintroduce the ZimDollar, it doesn’t work that way.

  9. Hey bond notes are not convetbl,i need to use my money in my own time and space.Nichida kuenda kunze monondipa here mari yacho rbz?

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