202 people have so far been arrested for rejecting and labelling Zim dollars as “bond notes”. It is reported that fifty-one people have so far been brought to court, while five others have been fined between $200 and $500.
The arrests come after the launch of “Operation accept Zimbabwe currency as legal tender” by the police on June 26.
Apparently, there have been many mischievous reports circulating on social media platforms informing people that bond notes would soon be demonetized. A s a result, a number of businesses, especially manufacturers, retailers, and suppliers, are refusing to accept payment in local currency in preference for US dollars and Rands. The reason why there are rejecting the Zim currency is because is of the persistent volatility of the Zimbabwe dollar.
Police spokesperson Assistant Commissioner Paul Nyathi in a statement yesterday, warned traders and business people that they risk being arrested for refusing to accept any legal tenders. Under the 2004 Bank Use, Promotion and Suppression of Money Laundering Act regulations, the rejection of any legal tender is a criminal offence.
“Members of the public and businesses are urged to comply with the law to promote the maintenance of law and order,” said Assistant Commissioner Paul Nyathi.
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, supported by statements from the Finance and Economic Development Minister Prof Mthuli Ncube recently affirmed that the Zimbabwe dollar notes inscribed “bond note” remained legal tender and should be accepted for all domestic transactions.
The Finance Minister and the Reserve Bank of Zimbabwe have urged member of the public not to panic and that if ever the banknotes were to be demonetized, there will be a long period of notice while they still circulate, followed by another long period when they can still be banked if there are no longer circulating.
202 people have so far been arrested for rejecting and labelling Zim dollars as “bond notes”. It is reported that fifty-one people have so far been brought to court, while five others have been fined between $200 and $500.
The arrests come after the launch of “Operation accept Zimbabwe currency as legal tender” by the police on June 26.
Apparently, there have been many mischievous reports circulating on social media platforms informing people that bond notes would soon be demonetized. A s a result, a number of businesses, especially manufacturers, retailers, and suppliers, are refusing to accept payment in local currency in preference for US dollars and Rands. The reason why there are rejecting the Zim currency is because is of the persistent volatility of the Zimbabwe dollar.
Police spokesperson Assistant Commissioner Paul Nyathi in a statement yesterday, warned traders and business people that they risk being arrested for refusing to accept any legal tenders. Under the 2004 Bank Use, Promotion and Suppression of Money Laundering Act regulations, the rejection of any legal tender is a criminal offence.
“Members of the public and businesses are urged to comply with the law to promote the maintenance of law and order,” said Assistant Commissioner Paul Nyathi.
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, supported by statements from the Finance and Economic Development Minister Prof Mthuli Ncube recently affirmed that the Zimbabwe dollar notes inscribed “bond note” remained legal tender and should be accepted for all domestic transactions.
The Finance Minister and the Reserve Bank of Zimbabwe have urged member of the public not to panic and that if ever the banknotes were to be demonetized, there will be a long period of notice while they still circulate, followed by another long period when they can still be banked if there are no longer circulating.
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Best Cybersecurity Services for Financial Institutions
Financial institutions face nonstop cyber threats in 2026.
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Hackers target banks, lenders, investment firms, and payment platforms because financial data remains incredibly valuable.
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One successful breach can destroy customer trust overnight.
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AI-powered attacks are making threats even more sophisticated.
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Critical Security Services Financial Firms Need
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Strong cybersecurity strategies often include:
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Security gaps become expensive quickly.
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Regulatory Pressure Continues Growing
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rn - Lawsuits
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Compliance and cybersecurity now work together closely.
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The best cybersecurity services help financial institutions reduce risk, maintain compliance, and protect customer trust.
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Cybersecurity is no longer just an IT issue.
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It’s a core business survival issue.
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FAQ
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Why are banks targeted by hackers?
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Financial data and payment systems remain highly profitable for cybercriminals.
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What cybersecurity controls matter most?
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Multi-factor authentication, monitoring systems, employee training, and endpoint protection remain critical.
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Credit Score Improvement: Building a Strong Financial Profile
rn - A good credit score is essential for accessing better financial opportunities, including loans, credit cards, and favorable interest rates. Lenders rely on credit reports to assess risk, making it important for individuals to maintain a strong financial profile. Many people actively search for ways to improve their credit standing.
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Improving credit requires consistent financial habits such as paying bills on time, reducing outstanding debt, and monitoring credit reports. Even small improvements can lead to better financial outcomes over time. A higher credit score opens the door to lower borrowing costs and increased financial flexibility.
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