AS IT HAPPENED: Activists bundled into police truck #BondNotes - 'street' press conference

2016-11-28 13:33

Get the latest details as Zimbabwean activists hold a "street" press conference on the introduction of bond notes.

Bond notes

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Last Updated at 07:31
28 Nov 13:57
Some activists seen rushing into their vehicles as the rains pour

28 Nov 13:57
Venue of the street press conference completely deserted

28 Nov 13:54
Ngadziore says they have since notified the authorities of their planned action

28 Nov 13:52
"Whether the police give us permission or not, the demo will proceed on November 30", says Ngadziore

28 Nov 13:51
One of the activists Ngadziore tells News24 that other political parties such as MDCT and Zimbabwe People First will be part of the demonstrations on Wednesday

28 Nov 13:51
Police details now patrolling in the streets

28 Nov 13:50
Mkwananzi and Dube bundled into a police truck

28 Nov 13:50
Some officers arrest Mkwananzi and Dube as other activists flee

28 Nov 13:50
A truckload of police officers arrive

28 Nov 13:50

28 Nov 13:49
One of the officers approach the #Tajamuka leaders interrupting the street press conference

28 Nov 13:49

28 Nov 13:48
Anti-riot police arrive

28 Nov 13:48
Mkhwananzi: The dictator must know that it's days are numbered

28 Nov 13:47
Mkhwananzi: We urge Zimbabweans to join us Wednesday as we stage massive protests against the bond notes, increasing poverty and massive unemployment

28 Nov 13:47
Mkhwananzi: Mugabe must step down immediately

28 Nov 13:46
Mkhwanzi: Their introduction is a sign that the government has failed to address the cash crisis that it created

28 Nov 13:43
Mkhwananzi: The introduction of the bond notes is another desperate attempt by Mugabe's government to rob the poor

28 Nov 13:41
Mkhwananzi: #Tajamuka rejects the bond notes in their totality"

28 Nov 13:41
Mkwananzi of the #Tajamuka movement now addressing press 

28 Nov 13:38

Some of the activists at the press conference

From left: Mehluli Dube on far left, Promise Mkwananzi in a cap flanked by an unidentified activist and Denford Ngadziore on the far right

28 Nov 13:34

Leaders arrive opposite Town House for a street press conference on bond notes.

News24 Correspondent Frank Chikowore is covering the event live from the venue. 

28 Nov 13:34

28 Nov 13:34
Holding the bond notes for the first time.

28 Nov 13:34

In brief:

Zimbabwe on Monday starts issuing "bond notes", its own currency equivalent to the US dollar in a bid to ease critical cash shortages amid widespread fears of a return to hyperinflation.

The crisis-hit southern African country has used multiple foreign currencies, including the greenback since 2009 after a rate of inflation that peaked at 500 billion percent rendered the Zimbabwe dollar unusable.

The introduction of $2 and $5 bond notes into circulation follows the issuing of bond coins over a year ago to ease shortages of change in smaller denominations.

The country has experienced a severe shortage of US dollar banknotes in recent months which forced President Robert Mugabe's government to print what locals have dubbed "surrogate money".

"Citizens are generally opposed to the introduction of bond notes because they are still smarting from the death of the Zimbabwe dollar, which was abandoned in 2009 due to hyperinflation," said an editorial in the weekly independent newspaper The Standard.

"The government has been arrogant, dismissing those opposed to the surrogate money as unpatriotic."As we have warned the government before, a currency can only be sustained through confidence it inspires on the market."

28 Nov 13:34

28 Nov 13:34

28 Nov 13:34

28 Nov 13:34
Many have taken to social media to express their views on the bond notes:

28 Nov 13:34

Harare - Zimbabwean activists are set to hold a press conference on the introduction of bond notes. Many Zimbabweans feel the surrogate currency has been "imposed" on them by government. 

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