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*5 Need-to-know things about Bond Notes release announcement* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?bm The Reserve Bank of Zimbabwe has finally announced that the controversial Bond Notes will be released on Monday 28 November 2016. For those that haven’t read through the full statement by the RBZ, here are 5 Need-to-know things about the Bond Notes: *1. Normal Banking Channels. Not limited to exporters and remittance recipients* The Notes will be released to your bank. Even though the RBZ says the notes will only be funding export and remittances incentives, if you are neither an exporter or a remittance recipient, you will still find yourself with Bond Notes quickly enough. Those that get the Bond Notes in their accounts will use them to pay for things, you will get them as change. The incentive mantra is just a way of introducing them. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- *2. As a start, the bond notes will be released in the denomination of $2 only* The total value of Bond Notes in circulation will be $10 million according the the RBZ. And all of them will be $2 notes. However, the RBZ is also release $2 million in $1 Bond Coins. *3. Specimens will be released at the same time as the bond notes.* Even though the Reserve Bank Governor, John Mangudya has said that they would release specimens first and then later the Bond Notes, that is not going to happen. Instead, the Notes and the specimens showing the features are being released at once. *4. The Bond Notes have a $50 withdrawal limit per day and a maximum of $150 per week.* The RBZ statement says this is to protect the Notes against abuse. *5. The RBZ is keen to have anyone committing a crime related to the Bond Notes prosecuted.* The RBZ statement says that anyone (or any Bank, currency dealer) hoarding, defacing, disfiguring or using the Bond Notes unlawfully must be reported to the RBZ itself. Such crimes attract imprisonment of up to 7 years. Now read: Leaked Bond Notes specimens circulating on social media RBZ Full Statement on release of Bond Notes on Monday 28 November More: Pindula _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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