Zim uprisings against useless bond notes

HUNDREDS of Zimbabweans on Wednesday marched in the streets of Harare to handover their petition against government’s plans to introduce bond notes. ‘

Source: Zim uprisings against useless bond notes – The Zimbabwe Independent August 3, 2016

The announcement of the introduction of bond notes has caused panic among Zimbabweans as it has revived memories of the years 2007 and 2008 which were marked by severe food shortages and hyperinflation.

The demonstrators led by activists going by hashtag names #Tajamuka and #ThisFlag managed to hand over their petition at the ministry of finance and for the first time there was no police interference before the petition was handed in.

Before handing over the petition, some of the speakers including Partson Dzamara, said Zimbabweans are demonstrating against the bond notes due to fear of losing their savings as was the case in 2008.

Another speaker said the Zimbabwean government has resorted to introducing the bond notes because it is now broke and cannot pay its workers.

“This government wants to replace our hard earned United States dollars with these useless bond notes, so we will not allow that to happen,” said one of the speakers.

The demonstrators held placards and wore T-Shirts denouncing President Robert Mugabe and his government.

Singing revolutionary songs the demonstrators called on President Mugabe to resign immediately accusing him of presiding over a corrupt government that has failed to find solutions to the plight of Zimbabweans.

It is not only the ordinary Zimbabweans that have not welcomed this development but corporates and economic analysts have also expressed skepticism on the issue.

Some of the prominent people who have spoken on the bond notes issue include former vice president Joice Mujuru who likened the bond notes to “useless toilet paper” and has since approached the courts to bar the government from issuing the bond notes saying the move is illegal and against the will of the people.

The government however seem unperturbed by the anti-bond notes calls with the Reserve Bank of Zimbabwe (RBZ) saying it is “well on track” to unveil the bond notes in October, despite public resistance.

Last week, central bank deputy governor Kupukile Mlambo told the Daily News that despite the public’s concerns, the RBZ was geared to introduce the notes.

“October is still the introduction date… the process is not just printing, it also involves design, so we are well on track,” he was quoted saying.-Fin24

COMMENTS

WORDPRESS: 5
  • comment-avatar
    Joe Cool 6 years ago

    ‘The process is not just printing, it involves design’? Is there no-one in Zimbabwe who can draw a picture in under 3 months? – Especially when the main feature will be a big photograph of ‘His Excellency Comrade R G Mugabe President of the Republic of Zimbabwe and Commander-in Chief of the Armed Forces’.

    Whoa – I’ve just realised that the design problem is fitting all of that title onto a piece of paper without ending up with A4 size bond notes. Maybe 3 months is optimistic .

  • comment-avatar
    Reverend 6 years ago

    This bond note will hail the end of zanupf, Mugabe and this idiotic government. watch.

  • comment-avatar
    reader 6 years ago

    We live in Hope REVEREND, WE LIVE IN HOPE.

  • comment-avatar
    Fallenz 6 years ago

    I still carry a Z100 Billion note to keep myself reminded of the zoo mentality this regime has in its approach to economics and finance. Folks may as well be paid in stones and seashells.

  • comment-avatar

    Zanu pf does not hv u in their minds. Zimbabweans are just nonsense to them.