CBZ Says Coins In Bin Container Were Legitimately Withdrawn By A Corporate

The Commercial Bank of Zimbabwe has released a statement on pictures of a bin container with bond coins that went viral on social media. Below is the statement in full:

                                                 Notice

STATEMENT ON PICTURES OF BIN CONTAINER WITH BOND COINS CIRCULATING ON SOCIAL MEDIA

In response to social media publications circulating, we would like to advise members of the public that CBZ Bank Limited conducted internal investigations regarding the issue raised.

The results confirm that a withdrawal of $1 and $0.25 bond coins took place at one of our Branches. The withdrawal, by a corporate customer, in the gaming business, was an authorised transaction that fulfilled regulatory requirements.

The funds in the container were a display of a subsequent pay-out to a punter at the aforementioned corporate customers’ premises.

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