by Rudo Saungweme      

People from different strides of life are in anticipation of the Reserve Bank of Zimbabwe (RBZ) monetary policy statement which the Governor, Dr John Mangudya will present later today.

The statement is expected to address the issue of price increase of commodities being spearheaded by the informal market.

Speaking ahead of the monetary policy statement, Dr Mangudya said, “As you know, our responsibility as defined in the RBZ Act, is to ensure price and financial stability so that is what we will be addressing in the statement.”

The price increase on commodities during a time more companies are opening up has seen people putting the blame on the informal market. However, people have already welcome the RBZ monetary statement to be presented today as they say this will enlighten them on how to go about their day today activities.

Some netizens say that bond notes must stay. They argue that Zimbabwe industries are being revived, thus people should only buy local products using either bond notes.

An editor with the Zimbabwe Independent, Brezhnev Malaba posted, “I think Bond note is not a failure at all, because it’s now expensive to purchase goods from South Africa than our local products, which means the industry has a chance to revive now. It’s either bond or Zim dollar for the industry to revive.”

Another netizen @NMatemai tweeted that, “Bond notes its either he phases it off or maintains the superstitious belief that its 1:1, devaluation means further price increases even for those government services like school fees, toll gates, fuel and Zesa and with that comes demands for salary increases especially from civil servants.”

The issue of scrapping off bond notes has remained topical in Zimbabwe as some feel that it must stay until the economy has stabilised.