Bulawayo Mayor David Coltart has criticised the introduction of Structured Currency expected to be launched this Friday.
Taking to X, Coltart said the introduction will not ease hyperinflation and a weakening economy.
He said the current bond note is performing badly because people do not trust the institution responsible for regulating it.
“The most important criterion in the running of any central bank is TRUST. Until TRUST is restored this new currency is doomed to fail as well”, he said.
Coltart added that trust can only be created when those running the central bank are recognized professionals, appointed because of their integrity and demonstrable skills.
“TRUST is only created when there is total transparency and the central bank is demonstrably being run for the benefit of all, not just a small ruling clique,” wrote David.
