RBZ urges banks to stop importing USD100 and USD 50 notes
7 years agoTue, 28 Mar 2017 09:14:00 GMT
![RBZ urges banks to stop importing USD100 and USD 50 notes](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Frbz-urges-banks-to-stop-importing-usd100-and-usd-50-notes.webp&w=640&q=75)
The Reserve Bank of Zimbabwe has urged banks to stop importing high denomination notes in order to guard against externalisation. The central bank wants all banks to stop importing $100 and $50 notes. The country is facing a severe shortage of foreign currency and there is a cash crisis.
Speaking to the Sunday Mail, RBZ deputy governor Kupukile Mlambo said:
We don’t want to see them (100 US notes) actually and we have discussed with the banks and they have agreed… If you see [them], it’s maybe because someone went to the US and came carrying them.”
FeedbackBanks are not importing 100, even 50 US notes.
More: News24
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