Banks To Start Dispensing New Notes Today

Bankers Association of Zimbabwe (BAZ) vice president Ralph Watungwa has confirmed that banks started receiving new notes and coins on Monday.

Watungwa added that banks will start issuing out the notes to account holders this Tuesday. He said:

I can confirm that the new notes are being taken from the central bank and normal processes for a takeover of the notes are underway.

Some banks have already collected the notes while others are still in the process. The public was expecting to hold the cash today, but it’s a process.

As BAZ we are confirming that the banks will start dispensing the new notes tomorrow (today).

The Reserve Bank of Zimbabwe last week announced that it will release new banknotes and coins on Monday, November 11, 2019.

However, depositors who formed long queues in banking halls on Monday expecting to withdraw cash went away frustrated as no cash was forthcoming.

More: Chronicle


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

Comments

Back to top

Write a Comment

Your email address will not be published.