ATMS to supply both US dollars and bond notes

Speaking to The Chronicle during the sidelines of the the CZI 2016 manufacturing sector survey report launch on Wednesday, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya said that automated teller machines (ATMs) will dispense both the US dollar and the bond notes.

Mangudya said,

When I met ambassadors they said the best way — as done elsewhere — is to have two ATMs, one for bond notes and another one for US dollars. It is a very good idea. People are rational, if there is no queue on one ATM, then they can go to the other and get their money. We have asked banks to look at it. We want to maintain the multi-currency system. The banks are happy, some are already doing that, for instance at Barclays they can give you rands or US dollar but people do not want rands, yet they are in the system.

More: Chronicle

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