Long queues formed outside banks in Harare, Bulawayo, Kwekwe and Gweru
today, according to sources who said bank computers kept crashing after
financial software updates although many banks remained open on Sunday to
give staff time to adapt their systems.
The state-controlled Herald newspaper quoted Reserve Bank of Zimbabwe
Governor Gideon Gono as saying cash shortages were the fault of banks, which
he said had planned poorly and did not submit orders to his institution for
the new currency in a timely manner.
Gono insisted the RBZ has enough notes to meet demand, but that the banks do
not have sufficient liquidity to cover the volume of bank note withdrawals
by customers.
Correspondent Netsai Mlilo of VOA’s Studio 7 for Zimbabwe traveled Monday
from Harare to Bulawayo and checked on the situation in a number of cities
where banks weren’t finding it easy to do business simultaneously in large
and small denomination currencies.
VOA
Post published in: News