DID you know that the RBZ and the government have the potential of making a fortune from ensuring that a lot of people fail to submit their old bearer cheques before the set deadline?
Let me illustrate: su
ppose I have $100 million of the old bearer cheques and I fail to submit the amount on time; that would imply that the RBZ has literally taken $100 million from me (meaning it has taken the value I have earned) and is thus $100 million richer.
Think about it.
But if approximately half of the cash is not submitted by the set deadline, how much does the RBZ make? Wouldn’t it be enough to fund the RBZ’s car-buying spree or other government-sanctioned lavish expenditure?