Source: Vendors Initiative for Social and Economic Transformation (VISET)
A cloud of terror is sweeping across Zimbabwe as a result of the irrational and untimely introduction of the bond notes by the Zimbabwean government. As Zimbabweans we have lost hope and trust in our government’s ability to be accountable and to act reasonable around money among other things. Many a time the citizens suffer the repercussions of ill-conceived policies, mismanagement and gross corruption by the government
They should not try to smuggle the Zimbabwean Dollar through the back door, as this will cause a lot of problems for an already troubled country. As VISET we are against the introduction of the bond notes as this has a direct bearing on people’s livelihoods, which thanks to the government have been stretched thin.
As always the intentions of the government are not clear, is the bond note and export incentive or is it a liquidity solution. Maybe they are trying to kill two birds with one stone, but fact still remains we are against the bond notes. This current atmosphere of fear and mistrust is justifiable considering how the government handles money and the economy in general.
There is a possibility of the bond notes losing value just like the bearer cheques did, which will mean the resurgence of living conditions, which obtained during the dreaded 2008 era.
We foresee vendors not being able to make savings from their hard-earned money, even to the extent of even failing to get stock. The USD supply side is not improving and it will continue dwindling leaving us with just bond notes.
Shortages of groceries, fuel, jobs losses, power cuts among others misfortunes are imminent against the backdrop of a virtual Zimbabwean dollar nicknamed bond notes.
Source: Vendors Initiative for Social and Economic Transformation (VISET)