Zimbabwe business tycoon and ZIFA boss Phillip Chiyangwa has made a u-turn on bond notes.
This comes few days after a local paper ran a story in which Chiyangwa is said to have condemned bond notes as bad currency.
After coming under pressure over his comments, Chiyangwa ‘changed his story’ and told state media that he had been misquoted, adding that bond notes are emerging as a perfect solution to problems that have been bedeviling Zimbabwe’s economy.
Chiyangwa further stated the need for the public and traders to desist from the culture of holding onto hard cash so as to guard against artificial cash shortages.
Chiyangwa said the acceptance shown by all sectors of the economy are an indication that bond notes introduction is yielding fruit
A man from Gokwe found himself in legal trouble after an altercation with a Zanu… Read More
Shadaya Tawona Knight, a prominent figure in Zimbabwe's social media landscape known for his controversial… Read More
South African President Cyril Ramaphosa has on behalf of the government and people of South… Read More
The Zimbabwe Election Support Network (ZESN) has voiced concern over proposed Constitutional Amendments that could… Read More
The Reserve Bank of Zimbabwe (RBZ) has released the latest prices for gold coins and… Read More
By A Mutambara Folks, the video being circulated as a beautiful and inspiring speech by… Read More