Refusing to accept the Zim dollar and bond notes as payment for goods has landed 102 Zimbabwean business owners and retail employees in trouble, with 28 of these appearing in court as the government enforces acceptance of the fast-falling local unit amid increased dollarisation of the economy.
As Zimbabwe’s economy re-dollarises, some retail outlets are no-longer accepting payment for goods and services in the form of bond notes.
However, John Mangudya, governor of the Reserve Bank of Zimbabwe, has reiterated that Zim dollar and bond notes and coins "are still legal tender".
"Traders and business entities who continue to refuse to accept Zimbabwe currency bond notes and coins as a legal tender in business transactions risk being arrested and taken to court for the law to take its course," said the ZRP in a statement on Wednesday.
Denford Mutashu, president of the Confederation of Zimbabwe Industries told Fin24 that retailers have to accept the Zim dollar and bond notes to smoothen transactions and payment for goods and services.
