Zimbabweans Get Coins Instead of Notes
World Economy

Zimbabweans 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.”


Short URL : https://goo.gl/OBgwiZ
  1. https://goo.gl/BpvMu6
  • https://goo.gl/juvVsA
  • https://goo.gl/a7dcoi
  • https://goo.gl/QYZmFh
  • https://goo.gl/M2kSWN

You can also read ...

Even though the US tariffs on their own may have a limited impact, global economic growth will slow should US trigger a trade war with  China or the European Union.
The volume of global trade grew faster than the world economy...
Since China’s entry into the World Trade Organization in 2001, it has become the most formidable  economic competitor the United States had even seen.
The US national debt exceeded $21 trillion for the first time...
S. Arabia Among World’s Worst Performing Property Markets
Saudi Arabia’s real estate market continued to be one of the...
OECD Finds No Consensus on Interim E-Commerce Taxes
The Organization for Economic Cooperation and Development’s...
Merkel Says Trying to Boost Domestic Demand
Germany is trying to stimulate domestic demand to offset...
Greece Looking Economically Vibrant on Road to Recovery
It’s nearly springtime in Athens: street trees are heavy with...
Gaza growth fell from 8% in 2016  to a mere 0.5% in 2017.
Gaza has seen conditions steadily deteriorate over the last...
2 Japan Airlines Plan Merger
Japanese airline group ANA Holdings has decided to consolidate...

Add new comment

Read our comment policy before posting your viewpoints