WATCH: Zim's bond note in 'conversation' with US dollar

2016-11-19 14:00

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Harare - Zimbabweans have shared a video on social media showing a US dollar note in "conversation" with the bond note, a surrogate currency set to be introduced next month to ease a chronic cash shortage in the southern African country. 

According to BBC, the video was made available on social media ahead of protests that had been planned for Friday against the bond notes. 

In the video, the US dollar is heard asking the surrogate currency who it is, and why it is telling people that "we are similar".  

In response the bond note says it was told by its father [central bank governor John Mangudya] that they are the same as their value is 1:1.  

However, the US dollar tells the bond note that this is impossible, as it (bond note) is not able to trade outside of Zimbabwe.

Watch the video below.

The new notes, starting with small denominations of $2 and $5, are expected to be introduced next month. 

Reports indicate that Zimbabweans, who know the risks of worthless money all too well after hyperinflation between 2007 and 2009 gave them the 100-trillion-dollar banknote that barely bought a loaf of bread, are against the introduction of the bond notes.

They fear that the government is about to create another devastating crisis by printing its own "bond notes" that will officially be worth the same as the US dollar.

Read more on:    robert mugabe  |  zimbabwe  |  zimbabwe protests  |  southern africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.