Harare - Hyper-activity on Twitter, Facebook and WhatsApp dominated the introduction of Zimbabwe’s bond notes – what with vendors on the streets accepting the new currency for airtime credit purchases and other goods – but there was no such excitement among the big retailers, who initially rejected the notes.
Zimbabweans took to Twitter and other social media platforms to post pictures and selfies with the new notes. Others waited in queues, braving the showers and overcast weather to withdraw money, which came in a combination of US Dollar and local bond notes.
Economist John Robertson said it would take days to get a full picture of the acceptability and impact of the bond notes on the Zimbabwean market. He said commuter transport operators’ acceptance would be a big indicator of developments with the bond notes. “It’s a bit early to tell. But the best people are commuter transport operators who would have to then be able to buy petrol with the bond notes.
“Bank managers said they had not experienced glitches programming the bond notes into ATMs. When they opened, there were a few complaints from depositors who did not want the bond notes but most customers immediately accepted the bond notes, according to officials.