News:Mnangagwa urges Zimbabweans to embrace bond notes
Vice President Emmerson Mnangagwa has urged Zimbabweans to embrace the notes which are set for an October launch.
Mnangagwa said this while addressing ZANU-PF supporters at Sino Company in Gweru yesterday. He argued that the bond notes would boost internal trade, cut on the externalisation of the US dollar by individuals and companies and ease cash shortages in the country.
Mnangagwa said that,
"The Government, with a loan facility of $200, is introducing bond notes. They will be equivalent or backed by the $200 loan facility. So if they start circulating they won't be stolen or externalised since the notes don't work outside the country. The bond notes will have the same value as the US dollar. They will be banked in the same account as the US dollar."
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