No cash for individuals says Banks

Responding to questions at the recently held ZimTrade annual exporters’ conference held in Harare, Bankers Association of Zimbabwe (BAZ) president Dr Charity Jinya said banks are prioritising exporters for cash withdrawals and foreign currency allocation over individual account holders.

Said Dr Jinya:

For people who are not exporters, the likelihood of getting cash from banks are slim, under the current situation. That is why we are encouraging the use of plastic money When we receive cash, we have to think if we should give it to individuals or companies that will generate more cash and foreign currency. This is a difficult decision we have to take, we have to face the truth, cash is a scarce commodity and therefore it should be rationed. That is why we are encouraging the use of electronic platforms.

More: Herald

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