By Paul Nyathi|An investor has challenged President Emmerson Mnangagwa on the new monetary policy by Finance Minister Mthuli Ncube which has converted all monies in Zimbabwean bank accounts from US dollars to Zimbabwean surrogate currency, the Bond Notes.

In a Facebook response to a statement by President Mnangagwa where he was urging Zimbabweans to embrace the new measures, investor Barney O’hara laments at how his US$500 000 investment into the tourism sector has suddenly been turned into nearly valueless Bond Notes.

“Explain please honorable President. I invested 500k in this country. I obtained investors certicates and all. I’ve operated legally in the tourism industry. I brought thousands of USA dollars into the country. Paid ZTA. PAID ZIMRA. PAID ZIMDEF. PAID. NEC. PAID NSSA. PAID POLICE ROAD BLOCKS. Now you tell me my forex is now bond notes. Bi. I’m out,” wrote O’hara.

Finance Minister, Professor Ncube, on Monday ordered banks to convert all local accounts into bond notes values and facilitate opening of new foreign currency accounts.

The move has been met with huge uproar from industry and commerce with a lot of investors threatening to quit the country.