Confusion over new currency hits Zimbabwe

Confusion over new currency hits Zimbabwe

Harare-Confusion reigned supreme as Zimbabweans were expecting banks to issue them with the new currency as promised by the Reserve Bank of Zimbabwe. By end of day no new currency had been availed.

A survey around the Central Business District showed that citizens were not confident with the new currency.

“We are expecting nothing but just soaring prices as has become the norm. We expected to get our monies in banks only to be told that there was no money in the bank,” said 58 year Maxwell Chirava

Others were of the opinion that the central bank should not announce it as it has caused some panic buying.

“I personally feel that they made a mistake by announcing these new changes without planning for them, surely they announced the introduction of new currency but up to now there has not been any currency. This has caused panic buying in shops.” said Tapiwa Chingarande

Shylet Ngorima a vendor said “we were expecting the new currency but up to now we have not seen any currency. Hopefully it does not end up in the hands of money changers”

In a public notice, RBZ governor John Mangudya said the $2 coins will be used interchangeably with the $2 bond notes which are already in circulation.

The new notes look exactly the same as the old bond notes with added security features, while the $2 bond coin looks like the $1 bond.

The $2 coins are being introduced to augment the existing regime of bond notes. The 25cents coins are already being rejected in some circles with commuter omnibus the chief culprits.

Efforts to get a comment from the RBZ Governor, John Mangudya were in vain as his mobile phone went unanswered.

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