Looks Like We Can Take Banks To Court For Swapping Our US Dollars For Bonds In Our Accounts

By Alvine Chaparadza

Should we take banks for swapping bonds for USD? This is a question I asked myself after I read a story of a man who has been taken to court for stealing after he swapped $4000 US dollars with $4000 bond notes.

As you well know, bond notes are officially said to be on par value with US dollars. That alone tells me that bond notes and US dollars are fungible. Therefore, it means that if you lend someone $10 US dollars, they should be able to honor the debt by …read more

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