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By Ndakaziva Majaka As jittery ordinary Zimbabweans wait with bated breath for the introduction of bond notes next month, the Reserve Bank of Zimbabwe (RBZ) has warned of worsening cash shortages ahead, in a further dose of bad news for the country’s dying economy. This comes as the current severe cash shortages have seen desperate […]
By Pamela Shumba |Chronicle| Some banks have slashed cash withdrawal limits to $50 per day, while others are failing to offer clients their money as the cash crisis worsens in the country. The acute shortage of cash has also seen traditionally bigger and more liquid foreign-owned banks reducing daily cash withdrawal limits from $300 to […]
Anti-riot police used teargas to quell disturbances in central Harare on Monday when angry depositors stormed the Allied Bank, demanding their cash, as the liquidity crunch deepens ahead of the festive season.