Govt Must Send Signal To SA That Bond Notes Have Failed – CrossBorders Cry Out
Zimbabwe Cross Border Traders Association (ZCBTA) has urged the government to admit that the bond notes have failed and to take steps to adopt the South African Rand instead.
ZCBTA president Killer Zivhu said that the South African government has indicated that it is willing to help, therefore the government should signal that it needs assistance. Said Zivhu,
Government should adopt the rand as the major currency in the multi-currency system because the bond is no longer sustainable…Honestly, you can’t buy your goods in rand and come and sell them in bond notes. It’s no longer sustainable to use a bond. It’s no longer sustainable to use electronic transfers.
Right now the most essential shop that we don’t want to see closing is a pharmacy. But all pharmacies are now selling their products in US dollars. And if in any case, they charge you in bond notes, they will put a mark up for cross rates obtaining on the black market…The South African Minister of Foreign Affairs (Lindiwe Sisulu) came out saying they are ready to help Zimbabwe anytime if they are called to do so.
It’s time to send the signal to South Africa that we need the rand and we want to make the rand our major currency in the country.
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