Bond Notes To Start Circulating In October


The Parliamentary Portfolio Committee on Finance and Economic Development will engage Reserve Bank Governor Dr John Mangudya on submissions made by members of the public concerning bond notes.

The chairperson of the portfolio committee Cde David Chapfika says the public has raised concern that the 6 months period given for the introduction of bond notes is rather too long.


bond notes


Cde Chapfika said the committee will engage Dr Mangudya on the issue while also raising another public reservation on the incentivising of exporters as most people say only those manufacturers who will have performed above expectations should be given the privilege.

Backed by a US$200 million facility from Afreximbank, the introduction of bond notes is meant to mitigate against cash shortages.

The reserve bank is set to introduce the notes in October.


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