Bond Notes: The people have spoken

HARARE - The protests in Harare yesterday over the impending introduction of the much-hated bond notes is a clear sign of anger and frustration against the Zanu PF leadership and government for failing to listen to the electorate.

While we understand that, through the introduction of bond notes in October, government hopes to end cash shortages which have seen Zimbabweans spending hours in bank queues with limits imposed on daily withdrawals, the message from the masses is clear!

Zimbabweans don’t want bond notes and forcing this “local currency” down the throats of crisis-weary Zimbabweans will not only infuriate them further but will also result in the breakdown of the country’s financial sector systems.

Judging by the persistence and hard-line stance taken by President Robert Mugabe’s government in insisting on bringing the loathed notes into Zimbabwe, one is tempted to think that this regime does not care a hoot about the electorate.

In a normal democracy, the government is elected by the people and panders to the whims and caprices of the electorate who put them into power. However, in Zimbabwe this could not be further from the truth.

We have a rogue government that does not pay attention to what its people say and think that the citizens should be grateful for their leadership. The beauty about political leaders who trample on the population and easily forget the mandate they were given by the people is that the mandate can be easily withdrawn.

We have reached a stage where everyone in the country — both within and outside Zanu PF — is fed up with Mugabe’s running of the nation’s affairs and it is only honourable for the nonagenarian leader to step aside.

Zimbabwe has an estimated 13 million people and it is very unfair, naive and unrealistic for one person to continue holding the whole nation to ransom when they have clearly failed in their mandate.

Mugabe not only promised to deliver 2,2 million jobs once elected into office and also unlock over $2,7 trillion into the economy, but the increasingly frail leader has failed to deliver an iota of those electoral promises.

What is even more worrying is that the man has the temerity to tell Zimbabweans — whose memories of the discarded Zimbabwean dollar and the traumatic hyperinflationary period is still fresh, that his government will not reverse its decision to introduce bond notes.

The time has arrived for Zimbabweans to stand up for their rights and show Mugabe and his underlings that political power resides in the people and not in plush offices.

Comments (5)

Let us remain resolute in our refusal of bond notes. I am sorry for my bothers in the ZRP if they think that they will be spared from the economic hazards that will follow yet another economic experiment. We all know what has happened with our savings, investments and lifehoods in the past. Gideon Gono, in his infinite wisdom, was well meaning. Mangudya too hopes for a better result but the two problems we have are : an illegitimate regime which elevated itself through the back door and a comatose economy. No amount of bond notes will solve these two problems.

Viva Unidade - 4 August 2016

Bond notes will help ease the liquidity crisis. But you'd rather keep on queuing for cash. You hypocrites! One year from now you will be crying for more bond notes.

anri3v - 5 August 2016

What have you been smoking of late Anri3v? What makes you think we will be crying for more bond notes when the nation, except you, is totally against these notes.

Chimbwido Warvet - 6 August 2016

He smokes his socks! Without productivity, reduced debt and a Government who thinks logically rather than emotionally a Bond Note will devalue within a week if not a day!

Nooshie - 7 August 2016

The average value of transactions in Zim per month processed through the national payment system is approximately $6.5 billion, that's roughly $217 million per day. Now can that dunderhead who goes by the moniker "anri3V" explain how a facility of $200 million john bonds will "ease cash shortages. That's about 3% of value of transactions processed in a month. Every right thinking zimbo can tell that there is a hidden agenda here. If the issue was to give incentives to exporters, why not give them a tax rebate instead? We know what happened with the bearer cheques and will not fall for the gimmicks any longer!

Doug Wezhira - 7 August 2016

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