FAKE NEWS: No new bond notes or foreign card changes

So this did the rounds today:

BREAKING NEWS

RBZ TO INTRODUCE $10 , $20 & $50 BOND NOTES WITH EXPIRY DATES TO EASE CASH SHORTAGES FROM 15 MAY 2017

NO ZIMBABWEAN MASTERCARD , VISA CARD AND MAESTRO TO BE USED OUTSIDE THE COUNTRY WITHOUT THE APPROVAL OF RBZ WITH EFFECT FROM 15 MAY 2017
……GOVERNOR RAPS GOVERNMENT AGENCIES FOR NOT BANKING CASH ESPECIALLY THE POLICE

HARARE: Reserve Bank of Zimbabwe Governor Dr. John Mangudya has announced the introduction of higher denominated Bond Notes .

Speaking at a Press Conference this morning in Harare the Apex Bank Governor said Cash crisis is more than a crisis and needed a holistic approach from all stakeholders hence they are going to introduce Higher Denominated Bond Notes with Expiry dates and that all Local issued MasterCards , Visa Cards and Maestro are not going to function outside the country without the approval of the Apex Bank.

“We are in a Catch 22 situation here , many Government Agencies are not banking Cash especially the Police . I have to admit it here in the public Domain that Cash Crisis is more than a Crisis and needs a holistic approach. Some Government Agencies which collect revenue especially the ZRP are not banking money (sic)….” Fumed the Central Bank Governor

” With immediate effect no Foreign Card is going to be used without the approval of the RBZ , we are going to issue expiring Bond Notes in the Denominations of $10 , $20 and $50 respectively so as to ease the Cash Crisis especially to give money to the farmers who are now becoming restive after earning the country Foreign currency ” said Dr. Mangudya

More Details to Follow………

http:// www.herald.co.zw/Rbz/introduce/high/denominations/2017/05/08/

Well there are few reasons why it is fake:

  • Random capital letters are a big indicator of a poor job, eg Fumed the Central Bank Governor
  • Horrible grammar eg With immediate effect no Foreign Card is going to be used without the approval of the RBZ , we are going to issue expiring Bond Notes in the Denominations of $10 , $20 and $50 respectively so as to ease the Cash Crisis especially to give money to the farmers who are now becoming restive after earning the country Foreign currency
  • The link structure is obviously
  • There are channels the RBZ has communicated consistently on these matters

And yet it has gone viral.

And what idiot puts something of this nature together is beyond us.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 14,174 other subscribers