Zim clamour amid bond note 'déjà vu'

08 May 2016 - 02:01 By RAY NDLOVU

In the aftermath of the announcement on "bond notes" by Zimbabwe Reserve Bank governor John Mangudya, which will be introduced in two months to stave off biting cash shortages, ordinary Zimbabweans have been left with that sinking feeling, fearing for the worst."Déjà vu" was the buzz word on social media, as many saw the bond notes from the bank as a cleverly phrased way to mask the return of the dreaded Zimbabwean dollar, last in circulation in 2009. Fear, anger, frustration and hopelessness about the worsening economic situation were expressed on Twitter and Facebook as Zimbabweans pondered their next move.Views included those who withdrew their entire savings from banks in a bid to salvage what they could. "I have a worry. When my blesser comes to South Africa, does he bring bond notes as opposed to the US dollars he used to bring? How do we change them into rands?" asked Makhosi Chiwashira.More poignant was Nancy Kachingwe, who said: "They will need to hand out bond notes with anti-depressants ... I'm already re-traumatised."story_article_left1Opposition member and former education minister David Coltart said: "I think the Zimbabwean public are not going to be happy about Zanu-PF's reintroduction of a Zimbabwean currency. Once bitten, twice shy."Although much of the anger has been directed at the government of President Robert Mugabe for the worsening economic situation, another grouping often adored by the country's citizens unusually also took flak for the latest turn of events. The popular " prophets", which lead mega churches in the country, were criticised for failing to see the future and warn the population of the looming currency changes.The prophets have dabbled in the country's economic affairs and prophesied economic abundance, the discovery of oil and diamonds and industry revival - much of which is still to materialise.Carl Joshua Ncube, a comedian, said: "I can't believe prophets saw oil, diamonds and gold and forgot to mention the second coming of the Zimbabwe dollar."UK-based political commentator and lawyer Alex Magaisa said the Zimbabwe government was now back to its old ways. "It is creating money out of nothing; perhaps this is the miracle money the prophets were on about."National Vendors Union of Zimbabwe chairman Sten Zvorwadza said informal traders would be the most affected by the currency changes, as the bond notes - which can only be used in Zimbabwe - would not buy their goods outside the country."This is simply dragging us back to the previous cash challenges that we faced during the Zimbabwe bearer-cheque era ... As vendors, we are warning the government to stop playing with our lives. Why didn't they first consult us before making such a careless pronouncement?"rayzr21@gmail.com..

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