Employers reject bond notes

EMPLOYERS yesterday took the Reserve Bank of Zimbabwe (RBZ) to task over the introduction of bond notes, saying the move was ill-advised and there were no consultations.

During an emotionally-charged meeting at the Employers’ Confederation of Zimbabwe (Emcoz) congress in Victoria Falls, employers grilled RBZ director of economic research, Simon Nyarota over the surrogate currency, saying that no consultations were done.

“Trust in the Reserve Bank is not transacted over the counter, but it is earned,” an employer told Nyarota.

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