RBZ to tackle cash hoarding

RBZ governor, John Mushayavanhu

THE Reserve Bank of Zimbabwe (RBZ) has announced measures aimed at reducing cash hoarding and encouraging digital transactions, including increasing the annual limit on prepaid international debit and credit cards from US$500 000 to US$1 million.The move is expected to enhance business operations and curb reliance on cash for cross-border transactions.Economic instability and past experiences…

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