FINANCE minister Mthuli Ncube yesterday said people could take the bond notes being rejected by the market to the bank in exchange for new notes, accusing economic saboteurs of hindering his economic revival agenda.
The market has since last week been rejecting bond notes, especially the coins as well as the $2 and $5 notes due to the continued fall in value of the local currency against the US$.
“Users of the currency also have an option to surrender them to the bank and exchange those notes for new notes, but in the meantime, it is legal tender and it is illegal to refuse that tender.”
“Price stability is linked to currency stability, so the first order of business becomes to stabilise the currency and the auction system that we have introduced is part of that process,” Ncube said.
“Part of that process includes bringing currency value, stabilising currency and once that is established and then that should engender some sort of stability in prices as well.”