News:No turning back on bond notes: Mugabe

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<vote /> While addressing the second ZANU-PF Central Committee meeting, President Robert Mugabe said that the bond notes were coming as a solution to the current cash crisis although a long term solution would be the introduction of a local currency. Mugabe reiterated that the bond notes should be explained positively to the public and that they will stop externalisation of the US dollar.

He also said that the bond notes will have to match the available reserves,

"As our reserves grow so will the bond notes, all to ensure, a one-to-one correspondence between bond notes in circulation and US dollar notes we hold in our reserves."

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