The Zimbabwean has established that the failure by
depositors to access money through banks is a result
of reduced supplies of cash by the Reserve Bank of
Zimbabwe. Kingdom Bank, Standard Chartered Bank, CABS,
POSB and Stanbic Bank have been failing to provide
depositors with sufficient cash over the past week.
“We are not getting enough supplies from the RBZ,” a
manager at Kiingdom Bank in central Harare said. “This
has been going on for over two weeks now and we are
not in the picture of what exactly is happening.”
An official at the RBZ who declined to be named
confirmed the situation but wouldn’t divulge more
details. “There is a shortage of cash but nothing much
is being said by the managers here,” he said.
Depositors who spoke to The Zimbabwean raised concern
over their failure to access cash especially as the
festive season approaches.
Post published in: News