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FAKE NEWS: RBZ not introducing $10 and $20 bond notes with expiry date





Reserve Bank of Zimbabwe governor John Mangudya has refuted claims that the Reserve Bank is going to introduce bond notes in bigger denominations such as $10 and $20. After the Constitutional Court rejected Joice Mujuru's second challenge on bond notes, state media reported that the government was expected to introduce higher denomination bond notes soon.

Speaking to the Daily News on Sunday, Mangudya said:

"It's not true that we are working on $10 and $20 bond notes."

The Reserve Bank introduced bond notes last year to alleviate cash shortages, and according to reports from the central bank, so far there is $94 million worth of bond notes in circulation.

A supposed 'article' about the introduction of new Bond Notes and new restrictions on international cards, that is going viral on social media today is fake. It's especially going viral on WhatsApp and you may probably have received it already.

Below is the FAKE BREAKING NEWS

RBZ TO INTRODUCE $10 , $20 & $50 BOND NOTES WITH EXPIRY DATES TO EASE CASH SHORTAGES FROM 15 MAY 2017

NO ZIMBABWEAN MASTERCARD , VISA CARD AND MAESTRO TO BE USED OUTSIDE THE COUNTRY WITHOUT THE APPROVAL OF RBZ WITH EFFECT FROM 15 MAY 2017

……GOVERNOR RAPS GOVERNMENT AGENCIES FOR NOT BANKING CASH ESPECIALLY THE POLICE

HARARE: Reserve Bank of Zimbabwe Governor Dr. John Mangudya has announced the introduction of higher denominated Bond Notes .

Speaking at a Press Conference this morning in Harare the Apex Bank Governor said Cash crisis is more than a crisis and needed a holistic approach from all stakeholders hence they are going to introduce Higher Denominated Bond Notes with Expiry dates and that all Local issued MasterCards , Visa Cards and Maestro are not going to function outside the country without the approval of the Apex Bank.

"We are in a Catch 22 situation here , many Government Agencies are not banking Cash especially the Police . I have to admit it here in the public Domain that Cash Crisis is more than a Crisis and needs a holistic approach. Some Government Agencies which collect revenue especially the ZRP are not banking money (sic)…." Fumed the Central Bank Governor

" With immediate effect no Foreign Card is going to be used without the approval of the RBZ , we are going to issue expiring Bond Notes in the Denominations of $10 , $20 and $50 respectively so as to ease the Cash Crisis especially to give money to the farmers who are now becoming restive after earning the country Foreign currency " said Dr. Mangudya

More Details to Follow………

http:// www.herald.co.zw/Rbz/introduce/high/denominations/2017/05/08/

CLICK HERE TO READ MORE FROM: Africa Visit website


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FAKE NEWS: RBZ not introducing $10 and $20 bond notes with expiry date
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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