Em­brace bond notes: Moyo

Chronicle (Zimbabwe) - - National News - Aux­ilia Ka­ton­go­mara Chron­i­cle Re­porter

BU­L­AWAYO res­i­dents have been urged to em­brace bond notes which are ex­pected to be re­leased next week to ease cash short­ages in the coun­try.

Bond notes will be re­leased into circulation grad­u­ally and spar­ingly to en­sure that they re­tain a crit­i­cal char­ac­ter­is­tic of cur­rency scarcity.

The Min­is­ter of State for Bu­l­awayo Pro­vin­cial Af­fairs, Cde Nomthandazo Eu­nice Moyo, told Sizinda res­i­dents that bond notes were the so­lu­tion to the cash cri­sis.

“As from Mon­day bond notes will be in our banks be­cause peo­ple are strug­gling to get the US dol­lar.

Let’s em­brace the bond notes sisebenze ngawo, you will see that life will change,” said Cde Moyo.

She said for­eign­ers who came in to hoard hard cur­rency fu­elled cash short­ages.

“There is no money be­cause we are us­ing the United States dol­lar which is used ev­ery­where in the world. Peo­ple from South Africa, China, and Zam­bia come here for that money,” said Cde Moyo.

“There are also peo­ple who would come and sell cheap things tak­ing the US dol­lar back to their re­spec­tive coun­tries.

“We have ac­tu­ally helped open in­dus­tries in for­eign lands and this has led us to this cash crunch.”

Cde Moyo told res­i­dents that Statu­tory In­stru­ment 64 was meant to pro­tect lo­cal in­dus­try.

“The Gov­ern­ment en­acted SI 64 so that peo­ple buy for their homes not for hoard­ing.

“We want to en­cour­age peo­ple to buy from lo­cal in­dus­tries. How­ever, there are peo­ple who are spread­ing false­hoods that Gov­ern­ment has barred peo­ple from buy­ing goods out­side the coun­try,” she said.

“Tell your chil­dren in South Africa that they can buy you gro­ceries, it’s al­lowed.”

Re­serve Bank of Zim­babwe Gover­nor Dr John Man­gudya on Thurs­day said $65 mil­lion worth of bond notes would be re­leased next month.

The bal­ance mak­ing up the $200 mil­lion bond notes sup­port fa­cil­ity from the African Ex­port and Im­port Bank will be re­leased into circulation grad­u­ally, un­til end of 2017.

The bond notes will come into circulation af­ter nationwide aware­ness cam­paigns, with an ini­tial amount of only $65 mil­lion be­ing re­leased into circulation.

Also present at the meet­ing were of­fi­cials from the Reg­is­trar Gen­eral’s Of­fice and So­cial Wel­fare who spoke about their op­er­a­tions.

Bu­l­awayo Pro­vin­cial Reg­is­trar Mrs Jane Peters ex­plained that be­sides iden­tity, travel and death cer­tifi­cates, her of­fice was also is­su­ing brand cer­tifi­cates for live­stock.

“To those of you who have ru­ral homes, who have live­stock, you can get brand cer­tifi­cates for your live­stock.

‘‘All live­stock must be branded so that it’s eas­ily iden­ti­fi­able and doc­u­mented in case they stray or get stolen,’’ said Mrs Peters.

She en­cour­aged res­i­dents to make sure they ac­quire birth cer­tifi­cates within six weeks af­ter the birth of a child.

Pres­i­dent Robert Mu­gabe

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