Zimbabwe Reels With Deepening Cash Crisis, ATMs Withdrawals Limited, And Some ATMs Are Switched Off

Zimbabwe Reels With Deepening Cash Crisis, ATMs Withdrawals Limited, And Some ATMs Are Switched Off

Banks have introduced stringent cash management systems including limiting maximum cash withdrawals to $500 per transaction and switching off some of their ATMs following a liquidity crisis that has hit the market, it has emerged. Although some bank officials tried to put the matter under a lid, market snap surveys in and around Harare, however, revealed that even the Zimswitch facility had been disabled and customers were unable to receive cash backs from some supermarkets….

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