RBZ INJECTS MORE $20M BANK NOTES
The Reserve Bank of Zimbabwe injected an additional $20
million of banknotes into circulation in the last week, with much of it
channelled to the People’s Own Savings Bank (POSB), used to distribute a lot of
pensions.
The funds are expected to mar…
The Reserve Bank of Zimbabwe injected an additional $20
million of banknotes into circulation in the last week, with much of it
channelled to the People’s Own Savings Bank (POSB), used to distribute a lot of
pensions.
The funds are expected to marginally ease the demand for
physical cash. This was said by Finance
and Economic Development Minister Professor Mthuli Ncube in an interview on