Bond Notes To Be Removed Within The Next Three Weeks
10 August 2019
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The Zimbabwean surrogate currency, the Bond Note is expected to be removed from circulation within the next three weeks and replaced by the new Zimbabwean currency.

The Reserve Bank of Zimbabwe is expected to launch a new series of Zimbabwe Dollars to replace the Bond notes.

Sources within the RBZ said they emerged from a meeting where all systems were set at go.

“I am just coming from a marathon meeting with the bosses and I can assure you that the Zim dollar will be printed and unveiled in the next 21 days all things being equal,” the source said.

“The Governor has been busy the whole week in consultation with relevant stakeholders to make sure that the physical notes are launched with public confidence as they will ease the liquid crisis that the country is faced with.”

The source added that the new notes are anticipated to stabilize the Zim dollar at around 1:1 rate with the South African Rand thereby giving a boost to salaries that workers have been crying of.

In June Finance Minister Mthuli Ncube issued an SI that banned the use of foreign currency as legal tender in the country,