RBZ Raises Withdrawal Limit To $1 000

The RBZ has announced it is raising banks withdrawal limit from $300 per week to $1000. This was communicated in a press statement that was communicating that new notes will start circulating next week.

Part of the statement announcing the development reads:

The Bank also advises that it has revised withdrawal limits upwards from $300 per week to $1000 per week with effect from 19 May 2020. Banks have been directed to ensure that the withdrawal limits are strictly observed. The Bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law.

To know more about the features of the new note click on this link Features-of-new-Bank-Notes (3)