Chinamasa casts doubt over bond notes

FINANCE minister Patrick Chinamasa has indicated that the bond notes are not likely to hit the market anytime soon, as government is yet to finalise modalities for the introduction of the currency.

Chinamasa, who has been taken to the High Court over the introduction of the bond notes alongside Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, told the court the facility was still a concept that was yet to be put through a test.

“The parameters within which the bond notes shall be introduced and implemented are still at conceptualisation stage and nothing is as yet, cast in stone in this regard,” he said in his opposing affidavit in papers filed with the High Court on October 6.

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