Cash delay worsens Zimbabwe’s economic woes
Distribution delays add to shortage of notes, with the value of cash rapidly eroding
Zimbabweans gained access to the country’s new banknotes a day late today (November 12), but high inflation and strict limits on withdrawals are undermining the new currency.
Delays distributing the notes meant the Reserve Bank of Zimbabwe missed the promised November 11 launch of its new currency series.
Though cash did reach banks today, ready to be distributed to long queues of people, local reporters said cash withdrawals are limited to Z$300 a week, a sum worth just US$19.50. Cash is only
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