Bond coins and bond notes are still legal tender,
Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa
reiterated yesterday and traders are legally obliged to accept them.
“Government notes with concern that there are some sections
of the market that are rejecting bond notes and coins. Notes inscribed ‘bond
notes’ are being rejected in preference for those inscribed ‘dollars.’
Government through the Ministry of Finance and Economic Development will be
substituting bond notes with new notes through a gradual process,” said
Minister Mutsvangwa.
“In the meantime Government advises the public that the $2
and $5 bond notes are still legal tender in this country and therefore calls
upon the business sector not to reject them. As just been announced by Reserve
Bank of Zimbabwe Governor, Dr John Mangudya, all business owners, shopkeepers,
tuck shop owners and even individuals are free to exchange the bond notes with
new notes through their banks.” Under normal circumstances, when currency notes
are deposited in banks fairly frequently, banks remove worn and soiled notes
and send them to the Reserve Bank for destruction.
When notes or coins are
demonitised, notice has to be given in the Government Gazette and a reasonable
time is always given for holders to bank these while they are still valid, or
even in a set time after demonitisation.
Turning to Covid-19 update, Minister Mutsvangwa implored
churches to observe measures announced by the Government that include social
distancing and not to converging beyond 50 congregants. Herald
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