Govt’s Bond Notes Refusal| DETAILS

3

Responding to reports that it was refusing to accept Bond Notes the Department of Immigration has issued the statement below;

The public should be made aware that immigration services, over the years, have been levied in foreign currency, as the services relate to foreigners with the exception of border passes, which are designed for citizens living close to the borders and, who have relations across the border. Statutory Instrument 195/98 as amended by SI 126/05 clearly tabulates these fees and the acceptable currencies and this position existed during the Zimbabwean dollar era and still stands after the multi-currency period. The introduction of the bond notes should not cause any confusion to this state of affairs. Any alternative approach to this statutory position is contrary to statute.

To receive news updates daily, enter your email address

Enter your email address:

- INSTANT NEWS UPDATES -

Breaking News delivered to your mailbox

Got a story? Contact ZimEye on Whatsapp today, no. +447426863301

investigative-articles-exclusiveEXCLUSIVE
  • TJINGABABILI

    FUEL SERVICE STATIONS THAT HAVE NO SWIPING GADGETS SHOULD BE CLOSED WITH IMMEDIATE EFFECT!

  • Temba

    The Dept of Immigration is right. Bond Notes are not a foreign currency. They are a local and inferior currency and therefore cannot be equal to foreign currency. Its a fallacy that the Bond Note is at Par with the USD. On this basis a USD debt can only be repaid in USD and a Bond Note Loan should be repaid in Bond Notes. So Bond Notes will not solve the foreign exchange cash crisis. Period.

  • MJ

    GVT refusing it’s own bond paper ! So they know it’s rubbish.