The Bond Coins in Zimbabwe

The RBZ governor Dr John Mangudya recently introduced to the multi-currency Zimbabwean economy the bond coins. These were meant to help Zimbabweans on transaction issues. The bond coins were however met with some sot of resistance among Zimbabweans .This blog tries to discuss why there was this resistance among the Zimbabweans.

bond coins in a plastic paper

The first resistance came from the media itself .The private media criticized the bond coins and led in some arguments against these bond coins . It has been a culture of the private media to criticize the government for any policy or move it makes even when they are positive.

The Zimbabwean bearers cheques

The second fear was that the government was going to produce the Zimbabwean dollar once again . People took the introduction of bond coins as strategy of bringing the Zim dollar. People lost trust of the Zimdollar after the 2008 inflation. Mangudya has however denied on allegations of bringing back the Zimbabwean dollar.

It is however that the bond coins came to help on transactions therefore Zimbabweans must understand and accept the bond coins