Central Banking

Zimbabwe bank notes crisis worsens

Tuesday May 27 saw a worsening of the bank note shortage in Zimbabwe with some banks running out of notes and long queues at ATM machines.

Source: The Herald Online

The shortage of bank notes worsened in Harare yesterday with some banks turning away clients after running out of the notes.

This prompted the Zimbabwe National Chamber of Commerce to call on bankers to introduce incentives to attract cash deposits and encourage the use of bank cheques and electronic transactions.

Long and winding q