Mthuli Ncube Hints At Demonitizing Bond Notes
8 October 2018
Jane Mlambo| Finance Minister has reinforced his earlier remarks about scrapping bond notes saying the market is already dollarising itself, which he is not ready to argue against.
Speaking during a presentation at Chatham House in London United Kingdom today, Ncube said Zimbabwe is experiencing a currency transition with the market already self dollarising.
“If you look at the RTGS/Bond/USD rates the market is speaking that they are not at par. I won’t argue with the market. We’re going to demonitise the bond note in due time,” said Ncube. WATCH THE VIDEO BELOW…