World Economy

Zimbabweans Get Coins Instead of Notes

Zimbabweans Get Coins Instead of NotesZimbabweans Get Coins Instead of Notes

Banks in Bulawayo, in Zimbabwe, are reportedly out of bond notes and are now issuing coins to clients. Several clients have been spotted and photographed emerging from banks carrying plastic bags full of coins, Byo24News reported. Recently, the Reserve Bank of Zimbabwe placed a cap of $20 on cash back facilities offered by retailers. It has also ordered banks to put a withdrawal limit of $200 per week. Opposition MDC-T vice president Nelson Chamisa on Tuesday said long bank queues are the order of the day. “Bond command economy is such a spectacular flop as cash rationing and bank queues form new bottleneck.”


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