Home / Business / Zimbabwe activists release satirical ‘bond nots’ to protest the plan to ease the cash shortage with bond notes

Zimbabwe activists release satirical ‘bond nots’ to protest the plan to ease the cash shortage with bond notes

Activists in Zimbabwe have released a series of satirical “bond nots” in response to the central bank’s plan to issue bond notes to help ease the currency shortage.

The bank says each note will be backed by a loan and will have the same value as US dollars – one of the currencies used in Zimbabwe.

Opposition to the bond note plan has been one of the main grievances of the #ThisFlag movement, which has organised a series of protests in recent months.

They argue it’s a way of reintroducing the Zimbabwean dollar, which was dropped after the hyperinflation of 2008 to 2009.

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Introducing the citizens Backed by 36yrs of corruption!!! ??

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The #ThisFlag nots have portraits of some of the leading figures in the government including President Robert Mugabe.

They come in $1, $5, $10, $20, $50 and $100 denominations and each one says they are issued by “the collapsed Reserve Bank of Zimbabwe”.

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