Zimbabwe Informational Site

  • Stopped issuing of bondnotes until people have fiscal discipline with the money that is available.
  • Limited the amount that can be accessed through retailers’ cash-back facilities to US$20.
  • Discouraged banks from importing big denominations such as US$100 and US$50 bills that are convenient for cash smuggling.
  • Enforced Bank Use Promotion Act to ensure and encourage people like traders, wholesalers and other dealers to bank their money. In April, three companies — Take and Tile (Pvt) Ltd, trading as Bathroom Boutique; Candover, trading as the Builders Home; and Stochack, trading as Eurostar Electrical Company Limited — were charged for not banking their cash since June 2016.
  • Read More News