Strict mon­i­tor­ing of bond notes re­quired

Chronicle (Zimbabwe) - - National News -

EDITOR — POSB em­ploy­ees who took pic­tures of the bond notes be­fore their re­lease should be black­listed from ever work­ing in the bank­ing sec­tor.

They breached the ba­sic prin­ci­ple of cor­po­rate con­fi­den­tial­ity which is ex­pected of some­one who works in a con­fi­den­tial en­vi­ron­ment.

Peo­ple who are sus­cep­ti­ble to ex­ter­nal pres­sures should not be left near de­pos­i­tors’ money, what if they work with rob­bers to give them in­sight on how the sys­tems in the bank work?

It also needs to be in­ves­ti­gated if those peo­ple were not work­ing with agents of regime change to leak the im­ages in a bid to re­duce the pub­lic trust of the whole sys­tem.

Same ap­plies to so­cial me­dia char­ac­ters like Fadzayi Ma­here, who was post­ing neg­a­tive posts about the bond notes even be­fore their in­cep­tion.

They re­ally want to see the in­ter­ven­tion fail so that they can start ar­rang­ing their ill­fated demon­stra­tions in their con­tin­ued search for rel­e­vance.

Also, a se­ri­ous clam­p­down on il­le­gal money traders should be in or­der be­fore they de­value the bond note for us. They should be stopped be­cause as long as they are on the streets, agents of regime change will fund an il­licit rate meant to af­fect the smooth in­te­gra­tion of the bond note into the mar­ket. I also pro­pose heavy fines sim­i­lar to the one POSB was slapped with to deal with all businesses who re­ject bond notes at their till points. They use the ex­cuse that they are not well versed with se­cu­rity fea­tures of the bond note, which should not hold wa­ter con­sid­er­ing how RBZ has been try­ing to court stake­hold­ers over the days. May print me­dia as­sist by nam­ing and sham­ing these shops so that we boycott do­ing busi­ness with them. We can­not keep en­rich­ing en­ti­ties that do not want to see the coun­try pros­per. If everyone plays their part with dili­gence, the bond note will work smoothly. Cde Kureya, Chishawasha.

Fadzayi Ma­here

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