News:Magaya speaks his mind on Bond Notes

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Religious leader Walter Magaya has spoken on the recent announcement of the Bond Notes saying Zimbabweans have misunderstood the intentions of the government. Magaya said he met Reserve Bank governor John Mangudya earlier this week to discuss recent developments and he came away convinced that a case miscommunication happened resulting in the general people not understanding the initiative clearly.

I had a privilege of meeting the Reserve Bank governor for almost three hours. What I will say now is that the issue of bond notes is scaring people and what is in the minds of the people is not the intentions of the governor. Everyone thinks that bond notes are there to substitute the United States dollars or to cater for the cash crisis. I strongly believe that this is not a political issue, but a monetary issue.

So, my best comment is that they introduced it in a wrong way. Because, according to my understanding, after the meeting with the governor, bond notes are like a coupon to say thank you for exporting. They should not make the issue political, and the governor has to clarify to the people and not allow politicians to lead the way.

Magaya is one of Zimbabwe's most followed religious leaders whose popularity has exploded in recent years.

You can read Walter Magaya's full profile here.

Other religious leaders whose following has increased drastically over the past decade include Emmanuel Makandiwa.

Read full story on NewsDay


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