The past week things were hectic many business were refusing to accept the bond note as a method of payment. Whilst many coins were phased out people finally rejected the $1 coin and automatically nothing costs a dollar anymore. Then the trend moved $2 notes. Although the RBZ issued a warning nobody really listened.
IT’S A TREND BUT YOU SHOULDN’T
The bond note remains the legal tender of Zimbabwe and should be treated with respect. A few people earn in united states dollars so expecting customers to pay in united states dollars is a little bit extreme. Depending with your target market refusing to take the bond will drive customers away.
Besides getting in trouble with the police refusing to take $2 notes is bad for your business. Well this is not good customer service on so many levels when things normalize you may lose a few customers
What to do
Well accept the money and go and change the visibly torn notes at your local bank
HOW CAN YOU BENEFIT FROM THE CRISIS
Rest assured there are people with buckets of $1 coins looking for somewhere to offload them and for some unknown reason they can’t go to the bank. Order your Maputi (you can buy a bucket of maize and pop them) start selling using the money people do not want and deposit your funds at the bank then withdraw later.
Have a productive week
Business Channel Zimbabwe 