Prepaid Electricity Split Meters

Prepaid Electricity Split Meters

Suppliers of prepaid electricity split meters throughout Zimbabwe. Ideal for shared properties, landlords, tenants, shared business premises

Open
HomeBusiness

$5, $10, $20 Notes Still Legal Tender - Mangudya

2 years agoSun, 13 Nov 2022 05:12:22 GMT
Share on FacebookShare on TwitterShare on LinkedIn
$5, $10, $20 Notes Still Legal Tender - Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has advised that all banknotes that have been issued by the central bank remain legal tender, following the rejection of smaller denomination notes by some businesses.

Reports indicate that most transport operators and shops in Bulawayo are now rejecting the ZW$20 notes, while ZW$5 and ZW$10 have since been rejected by the transacting public.

Responding to questions from  Sunday News Business, Mangudya said all the bank notes remain legal tender in the country. He said:

While we are not privy to that predicament raised, it is important to advise that all the bank notes that we issued remain legal tender which can be deposited at banks and banks can bank the same at the RBZ under the normal banking process.

Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu urged businesses to accept the $20 banknotes to avoid inconveniencing the public. Mutashu said;

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

We encourage businesses to accept all notes including the ZW$20 notes and not inconvenience the transacting public.

Rejection of particular denominations is usually synonymous with high inflation as currency value erodes, unfortunately, it is only in our environment that economic agencies decide to reject notes.

In Malawi, Zambia, South Africa and other jurisdictions, even the smallest of the denominations like coins are accepted at the point of transacting.

Tags

12 Comments

juru · 2 years ago
sorry olivia
Tangira Enterprises · 2 years ago
Let the market decide what it wants. Iwe Mangudhla na Mthuli wako economics dzenyu makadziitira ku MSU kani
Asalif · 2 years ago
This man is full of **** do you want shops to resort to note counters which should only be used after daily sales . the 20 bond and 50 bond bills dzikutobhowa kuverenga still wakutaura zve5 bond . do you use this currency Baba imi ?? Biti once asked you to search your pockets and see if we can find a Bond note bill on you makaramba wani
WILLIAM SONBOY CHINEMBIRI · 2 years ago
Noone will dispute the RBZ Governor, John Mangudya, that Zim $5,$10 and $20 are legal tender. The transacting public no longer want to use these bank notes because they will end up looking for 50 kg empty bags or big monarch bags for carrying the money from point A to point B [ THESE ARE INCONVENIENCES WHICH THESE SMALL BANK NOTES ARE CAUSING, BABA MANGUDYA ]. [ KUZVIPEDZA IZVI VANHU MESE MUSAVHOTERE ZANU PF. VHOTERAI CCC POLITICAL PARTY IYO ICHAUNZA SHANDUKO KWAYO NEHUTONGI HWEJEKERERE ]. [ VHOTERAI CHAMISA CHETE CHETE ]. Yours sincerely William Sonboy CHINEMBIRI [THE BUSH LAWYEY4CCC].
Big Boy · 2 years ago
@WILLIAM SONBOY CHINEMBIRI, kutaura Chirungu handiko kutaura zvine musoro. In my neighbourhood, zimnaks cost ZWL80 each and maputi cost ZWL70, maZWL20 banknotes akarambwa obvious maproducts maviri andataura anokwira price kuenda paZWL100. Mangudya haadye mazepi anokaura ndiwe neni nevana vedu, zvimwe fungaiwo mega maZimbabwean kwete kungomirira kufungirwa
Vesto · 2 years ago
@Chimodho, please don't insult us. Kuswerera maZepe nemaputi and you want the economy to rally around maputi nenaZepe. Her a life
under curatorship · 2 years ago
zvimwe zvinida common sense not chikoro Mangudya is a failure
· 2 years ago
ku Beitbridge Border mukutoda US and ZAR then moti bond note chete...forced economics. Junta power. economy isn't run like that. Chii chaunotenga ne 10 bond
Maparamuro · 2 years ago
Happens when you put in leadership positions people who do not share same interests as you. Mangudya does not use Zim dollar neither does Idhi. In the next election choose your own community representatives for parliament, don't vote for party sponsored candidates because they will not be accountable to you but their party bosses
👽 · 2 years ago
even the government is rejecting them at beitbrigde.
HH · 2 years ago
join common wealth mounza Mari ye Zimbabwe $20 with Elephant please
Rudo💅 · 2 years ago
mudzanga we Madison ukuita zim$100,
Rudo💅 · 2 years ago
😭
Perfect Masiya · 2 years ago
mint $50. zai $200 🤣🤣🤣
👽 · 2 years ago
razor 180 bond
👽 · 2 years ago
**** andichatoziwe ndakungoisa yakadaro
🌚🌚🌚🌚🇱🇷🇺🇦 · 2 years ago
The rejection of $10 & $20 notes is caused by sanctions and CCC,this is what the shallow minded Mugwadi will definitely say .Watch this space.
Kanda · 2 years ago
Hw many 5bond notes do I need to buy a box of matches which cost 100 to 150 bond zvimwe zvinhu so . You can drive a donkey to the river but you can not force it to drink water
takudzwa · 2 years ago
still kudii kwacho iwo akurambwa itai plan apa

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback