RBZ Sets Weekly Withdrawal Limits At $300 As Banks Start To Receive New Notes & Coins

The Reserve Bank of Zimbabwe (RBZ) on Monday released $30 million of new notes and coins to commercial banks, with account holders expected to start accessing their cash from banks starting from Tuesday.

RBZ governor John Mangudya on Monday addressed reports that the central bank had failed to release cash to banks on Monday. He said:

It’s not true that there is no money (released to the market). The banks are collecting the money, so today (Monday) is the day for collection of the money.

Those ones that were able to be served in the morning should be able to give their customers.

Individuals will be able to withdraw a maximum of $300 per week as the RBZ said it has put measures in place to counter the channelling of cash from banks to the black market.

Reports indicate that bank vans started to gather at the RBZ to collect the new $2 and $5 notes and the new $2 bond coins on Monday.

More: Chronicle

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.

RSS Recent Pindula Profiles

Comments

Back to top

One Comment on “RBZ Sets Weekly Withdrawal Limits At $300 As Banks Start To Receive New Notes & Coins

  1. …..a maximum of $300 per week…… You see, same old shit as it was this time last year. Next week it will be $200, then $100 then ” no more money, so only $50 per week” These guys in RBZ think we are as thick as goats, but wait ……. there already are thousand of new Bond on the streets and at the borders. Unfortunately some of the major Banks are totally implicit in this deceitful game. This Govt is totally and utterly clueless.

Write a Comment

Your email address will not be published.