We are not going back on bond notes: Chinamasa
Published: 2016 May 17 06:17:20 (4689 Views)
FINANCE minister Patrick Chinamasa has declared that the planned introduction of bond notes to ease the cash crisis was non-negotiable, adding government was determined to implement the new measures despite massive resistance from various quarters of the population.
Chinamasa told a public discussion, organised by the Southern African Political and Economic Series (Sapes) Trust, in Harare last Thursday that Zimbabweans had no choice, but to accept the bond notes as part of several measures to bring stability into the economy.
“We are asking Zimbabweans to take a leap of faith into the future. We all lost something in the past, but we cannot be held back by what happened. Some people will have to jump unwittingly. You are going to jump and some of you we will ask you in future how you jumped,” he said.
Chinamasa was referring to the growing public sentiments against the “re-introduction of the Zimbabwe dollar through the back door”, as the bond notes have come to be characterised.
He, however, said government would maintain an open-door policy to consultations on its new policy proposals, but ruled out the introduction of the Zimbabwe dollar anytime soon.
“We are not introducing the local currency. Our people do not want to hear anything about it. The bond notes will be here until our currency returns when the fundamentals are right. But we will keep on consulting. Nothing is cast in stone regarding the policy pronouncements we have made. But we must make sure whatever we say, we are aware of our unique situation as a country,” he said.
- News Day
Chinamasa told a public discussion, organised by the Southern African Political and Economic Series (Sapes) Trust, in Harare last Thursday that Zimbabweans had no choice, but to accept the bond notes as part of several measures to bring stability into the economy.
“We are asking Zimbabweans to take a leap of faith into the future. We all lost something in the past, but we cannot be held back by what happened. Some people will have to jump unwittingly. You are going to jump and some of you we will ask you in future how you jumped,” he said.
Chinamasa was referring to the growing public sentiments against the “re-introduction of the Zimbabwe dollar through the back door”, as the bond notes have come to be characterised.
He, however, said government would maintain an open-door policy to consultations on its new policy proposals, but ruled out the introduction of the Zimbabwe dollar anytime soon.
“We are not introducing the local currency. Our people do not want to hear anything about it. The bond notes will be here until our currency returns when the fundamentals are right. But we will keep on consulting. Nothing is cast in stone regarding the policy pronouncements we have made. But we must make sure whatever we say, we are aware of our unique situation as a country,” he said.
- News Day
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Anonymous user
2016 May 17 18:45:26
This really hurts coming from a senior govt official, why are we being forced to accept a useless currency a currency that is only confined in our landlocked country? A lot of people eke their living through cross boarder trading how the heck do they go to neighbouring countries carrying the bond notes? If the masses say no to a policy that does not benefit them why then declare against their wishes and force them to use bond notes? Let us be realistic unless of cause there's a hidden agenda as to the indroduction of a currency that is clearly not welcome amongst the marjority of people, for once listen to the masses please.
Anonymous user
2016 May 17 10:43:21
Bond notes my foot.
Where are Chinamasa's credentials to prove he is fit to be a finance minister. Give us his team and their credentials.
A bunch of air heads who can not even manage the financial progress of their own spaza shops and farms. How will they manage a nation of over 13million citizens.
This is becoming boring...we are tired. HATICHADA HATICHATYA
It's not about political parties or what. We need people who are qualified for the job period...
#CitizenSpeakingOut
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