Zimbabweans across the country feared a return of the local currency.
“People were responding to the rumour that the Zimbabwean dollar was about to make a return. They rushed to withdraw their money but now it has quieted down,” said a CBZ Bank employee.
The same was reported at Kingdom, Metbank, Barclays and ZB Bank.
Central Bank Governor Gideon Gono recently admitted to the Bulawayo business community that there had been problems with the availability of cash after the announcement of the election results.
“Most people no longer have any money to withdraw because they have already taken out their salaries,” he said.
Gono explained that the central bank had managed to contain the cash crisis.
Post published in: Business
MOST OF THE PEOPLE WITHDREW THEIR CASH BECAUSE THEY DID NOT EXPECT ZANU PF TO WIN THE JUST ENDED ELECTIONS.PEOPLE ARE NO LONGER SO SURE OF ZANU PF’S PLANS.ZANU PF MIGHT INTRODUCE ZIM DOLLAR WHICH PEOPLE DO NOT THINK WILL HAVE VALUE.