Home LOCAL NEWS “Bond Notes And Coins Are Still Legal Tender”

“Bond Notes And Coins Are Still Legal Tender”

Finance and Economic Development Minister Mthuli Ncube has pleaded with business not to reject coins and those notes inscribed “bond notes” saying they were still legal tender.

Ncube was responding to legislators in Parliament on Wednesday after they had complained that traders were rejecting small denominations as well as $2 and $5 notes that were inscribed “bond notes”. Said Ncube:

We want to make it clear that $2 notes are still legal tender. Perhaps we need to issue a press statement to that effect. But we will be substituting those bond notes with new notes but it is a gradual process.

Yesterday the government announced that civil servants and Government pensioners will get an immediate 50 per cent pay rise for the next three months.

The package also includes a flat non-taxable US dollar-denominated COVID-19 allowances of US$75 a month for each civil servant, regardless of grade, and US$30 a month for Government pensioners.

The development came a few hours after nurses at Parirenyatwa Group of Hospitals, the country’s main referral hospital located in Harare had staged a demonstration in response to a salary cut.

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