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Banks give clients 10 cent bond coins as cash crisis worsens

6 years agoTue, 25 Apr 2017 19:28:15 GMT
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Banks give clients 10 cent bond coins as cash crisis worsens

The cash crisis seems to be getting worse after some Banks in Bulawayo seemingly ran out of bond notes and resorted to giving clients 10 cent bond coins. The banks started disbursing 50 cent coins a few weeks ago but the situation seems to be getting worse.

Due to the cash shortages, the Reserve Bank of Zimbabwe recently directed all shops to give out a maximum of only $20 as cash back. The Reserve Bank also announced said that there is adequate cash in circulation and it will not be releasing more bond notes into the system until Zimbabweans develop fiscal discipline.

Picture Credit: @Zenzele

 

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