The Reserve Bank of Zimbabwe (RBZ) has with immediate effect increased maximum withdrawal limit of bond notes to $300 weekly and $100 daily for individuals, it has been learnt.
Most banks are limiting clients to as low as $20 daily withdrawals.
However, the central bank said the low withdrawal limits greatly inconvenience the banking public hence the need to double the limits.
RBZ had pegged withdrawal limits of bond notes to a maximum of $50 per day and a maximum of $150 per week.
To date, a total of $29 million have been injected into the market.
However, there is growing demand for cash as desperate depositors are sleeping in queues in most central business district's of major cities and towns with some banks failing to give clients some money.
 |
| Bond Notes Withdrawal Limit Increased To US$300 Weekly |
1kVA Inverter Load Guide
Load guide for small households.
2kVA System Load Capacity
Powering essentials in medium homes.
3kVA System Panel Count
Understand solar array sizing.
3kVA Inverter Load Guide
Appliance guide for a typical household.
Best 3kVA Inverter Brand
Compare reliability and warranties.
3kVA Appliance Load Guide
Understand simultaneous load capacity.
3kVA Powering Motor Loads
Guidance on handling motor loads.
Choosing the Right Inverter
Matching inverters to your specific load.
David (Solar Sales)