Banks Speak On The New Notes From The RBZ

A snap survey has observed that the new notes and coins which the central bank said will be introduced today (Monday) are yet to be injected into the market.

The survey by the Herald observed that even banks have not yet received the money from the Reserve Bank whilst some corporates said their withdrawals had gone through.

The central bank argues that the new notes and coins will alleviate the cash crisis in the country which has seen citizens incurring huge costs associated with withdrawing their money.

Money agents including Ecocash and those on the parallel market have been selling cash at a premium for those trying to exchange their RTGS balances.

More: The Herald


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One Comment on “Banks Speak On The New Notes From The RBZ

  1. Same old bullshit. The notes are already on the streets and at the borders. Nothing will enter the banking system, because the Banks themselves are implicit in the theft and street-trading of the Bond Notes

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