Cash panic over

The cash situation in the country has normalised after people rushed to withdraw money after the elections.

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
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