Some Banks in Zimbabwe have announced a $50 withdrawal limit per day as cash shortage deepens in the country.
The
country has been battling with cash shortages since 2016, with
authorities blaming the externalization of foreign currency, hoarding
and other illicit financial outflows.
According
to Zim News, banks such as CABS, ZB, National Building Society and
Standard Chartered had reverted to giving $50 per day in either bond
notes or United States dollars while some had run out of cash, forcing
depositors to spend hours in queues.
While Met Bank is said to be the only bank giving $300 weekly withdrawals to customers.
A
CABS official who confirmed the $50 withdrawal limit said they did not
have enough money hence they were forced to implement limits on
withdrawals to ensure that they remain in business.
Gobe!!!
ReplyDelete~glo rule your world~ cos I do•
Imagine $50 huh? Why not $1 huh?Useless country with headless leaders. BUT THEY WANT TO SPONSOR their useless president birth day with $2.1m huh? WHAT A BANDAGE. WHY IS IT THAT EVERY BODY IS AFRAID TO TALK HUH? This guy is useless like Nigerians own ooo no money and u want to waste the one wey dey on ur birth day is that not madness huh? SHAME TO AFRICANS.
ReplyDelete#sad indeed
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are there living being call human in that country? why the stupid ass silent????
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ndi nzuzu
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