RBZ increases maximum bond note withdrawal limits. Releases $12 million more

The Reserve Bank of Zimbabwe has announced an increase in bond note withdrawal limits.

In a statement it said:

In view of this positive development and the need to ensure that the banking public is not continuously constrained by the lower withdrawal limits on bond notes of $25 and $50 per day, the Bank has with immediate effect increased the daily bond note withdrawal limit to $100 per day or $300 per week for banks that have instituted weekly withdrawal limits.

It also announced that it had injected a further $12 million in notes last week bringing the total of disbursed notes and coins since they were introduced to $29 million.

The notice is made at on the eve of the holiday season when many normally need disposal cash to use.

To download the full statement click here.