WATCH: ‘Zimbabwe Inherited Bond Notes From Rhodesia’: Declares Vice President Chiwenga

WATCH: ‘Zimbabwe Inherited Bond Notes From Rhodesia’: Declares Vice President Chiwenga

Vice President Constantino Chiwenga has said that Zimbabwe inherited the bond from the time of Rhodesia after it declared the Unilateral Declaration of Independence (UDI).

Vice President Chiwenga said this while officially opening the International Business Conference at the Zimbabwe International Trade Fair (ZITF) in Bulawayo on Thursday.

The Vice President first highlighted the benefits of the Zimbabwe Gold currency and called on Zimbabweans from all walks of life and the international community to fully back the recently introduced currency.

“The ZiG is expected to provide a lasting solution to hindering inflation expectations which is critical for sustained price and exchange rate stability in the economy. Given these boundless benefits, I therefore call on the public, the private sectors who are in the majority here, including the households, labour and businesses, civic society and the international community to fully embrace and support the Zimbabwe Gold currency,” Vice President Chiwenga said.

Vice President Constantino Chiwenga then went on to say that Zimbabwe now has an authentic currency after doing away with the bond which it inherited from Rhodesia. He said that the bond originated during Rhodesia’s period when it faced international sanctions after its Unilateral Declaration of Independence (UDI). Vice President Chiwenga said as a consequence of these sanctions, the Rhodesian government introduced the bond currency. He emphasized that the bond did not originate in Zimbabwe but was a product of the Rhodesian era.

“We have done away with the bond which we had inherited from the time of Rhodesia. After declaring UDI, they were given sanctions by the United Nations Security Council. That’s why they came with the bond. The bond did not come with Zimbabwe. It came with Rhodesia. It was Rhodesia bond that you used to see. So the bond is away we now have our Zimbabwe currency. Support it,” Vice President Chiwenga explained.

You can watch the video of Vice President Chiwenga declaring that Zimbabwe inherited the bond notes from Rhodesia below:

#WATCH
🔴’We have done away with the bond which we inherited from the time of Rhodesia after declaring #UDI… the bond is now away, we now have our #Zimbabwean currency (#ZiG),’ – VP Chiwenga.#ZITF2024
🎥: @kgahadzikwa pic.twitter.com/guzo3DTYXt

— NewsDay Zimbabwe (@NewsDayZimbabwe) April 25, 2024