Zimbabwe Banks Limit Withdrawals Due To Cash Shortages

By  |  September 8, 2013
 | 

Various banks in Zimbabwe are limiting client withdrawals due to the country’s reports on cash shortages, reported All Africa. The bank withdrawals range from $100-500 per day, and many other banks are planning to implement a series of standards that will limit withdrawals.

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    “Before the election, companies could withdraw as much as $20,000, but that is no longer the case, to the extent that some have been struggling to pay salaries,” said Simon Muchemwa, Zimbabwe-based correspondent to All Africa.

    Read the full story here.

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