Friday, 19 August 2016

WORKERS TO BE PAID IN BOND NOTES

 Zimbabwe’s central bank chief has admitted that people will be paid partly in bond notes, despite earlier claims the notes were to be an incentive for exporters. 
"If you are getting a $400 salary, you will still get $400 in United States dollars, bond notes, rand or euros. If you don’t want them then you use plastic money,” central bank chief John Mangudya said in quotes carried by the official Herald daily. 
The bond notes are likely to be introduced around October. They are supposed to be at 1:1 parity with the US dollar. 
Mangudya’s announcement in May that bond notes were to be introduced followed months of cash shortages. 

0 comments:

Post a Comment