RBZ caps Cash Out at $100

RBZ caps Cash Out at $100

The Reserve Bank of Zimbabwe (RBZ) has tightened screws around the cash-out facility, capping it at $100 per transaction as a mitigatory measure against abuse of the facility, RBZ Governor, Dr John Mangudya has said. In a press statement released yesterday, Mangudya said the new measures would also ensure that abusers are bought to book. “Payment systems by their nature play an important role of providing a mechanism or highway to facilitate economic activities in the country. As such, the Reserve Bank continues to promote digital financial services which contribute…

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