Zimbabwe cops beat up bond notes protesters

Zimbabwe cops beat up bond notes protesters

SEVERAL  protesters were beaten  and about 20 people were injured  as they took to the streets in a peaceful demonstration aimed at venting their anger and frustrations at the imminent introduction of the notes, which the country’s Central Bank says will be equivalent to the United States dollar.

The southern African country has already seen about 10 demonstrations this month as citizens protest alleged human rights abuses and the deterioration of the economy.

“Until we are all dead, the protests will go ahead,” one of the organizers, Promise Mkwanazi, vowed.

Police were not available for comment.

Critics say the so-called bond notes could spark rampant printing of  cash as happened between 2006 and 2008. Spiralling inflation forced Zimbabwe to swap its currency for the US dollar in 2009. – AP

17/08/2016

  1. […] bank announced it would introduce the bond notes, an issue which was met with scepticism and resistance, with investors and economists expressing reservations over the new currency. Most Zimbabweans feel […]

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