RBZ urges banks to stop importing USD100 and USD 50 notes

The Reserve Bank of Zimbabwe has urged banks to stop importing high denomination notes in order to guard against externalisation. The central bank wants all banks to stop importing $100 and $50 notes.  The country is facing a severe shortage of foreign currency and there is a cash crisis.

Speaking to the Sunday Mail, RBZ deputy governor Kupukile Mlambo said:

We don’t want to see them (100 US notes) actually and we have discussed with the banks and they have agreed… If you see [them], it’s maybe because someone went to the US and came carrying them.”

Banks are not importing 100, even 50 US notes.

More: News24