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THERE are a lot of people with reservations over the pending introduction of bond notes fearing that this might trigger price increases and inflation which was associated with the Zimbabwe dollar era.
However, the cash shortage situation going on now no longer needs such pessimists. This situation where people are failing to access their money is not healthy to the economy. People cannot spend time queueing only to withdraw $20 or less. Imagine how many trips rural-based civil servants have to make to withdraw their salaries of around $500.
The cash situation is killing the economy and maybe the country must just quickly introduce the bond notes. Most people are just concerned about doing transactions and buying what they want, not this situation where they cannot access their monies. Bring the bond notes now please.
Meanwhile, ZSE turnover jumped to $2,2 million on Friday with the bulk of the funds going into Delta. By close of trading on Friday, 2 894 554 shares had changed hands in Delta at 62,5 cents with value amounting to $1 809 096. Trading was also positive with five counters closing firm against one that closed negative. The industrial index closed the week 0,50 percent at 101.09 points. The year to date loss had also been reduced to -11,98 percent.
Online Reporter