02/12/2016 11:05 SAST | Updated 22/12/2016 11:25 SAST

What Exactly Are Bond Notes And How Do They Work?

Heard of bond notes but only have Economics 101 knowledge of them? Economist Xhanti Payi explains exactly how they work.

Zimbabwe introduced bond notes for its citizens this week to heavy criticism. Citizens have called the notes everything from "Monopoly money" to "useless". But why? HuffPost SA asked economist Xhanti Payi to explain how these bond notes actually work. He explains in the video above.

To hear more from Payi on what's next for Zimbabwe's bond notes, click here.