National News

Masvingo residents call for an increase of money withdrawal limits at banks. BY NALEDI DUBE

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Masvingo residents are urging the Reserve Bank of Zimbabwe to increase withdrawal limits from banks.
Residents say the current $2000 has since been eroded by inflation.
“We are urging the Reserve Bank of Zimbabwe to put mechanisms that allow banks to increase the withdrawal limits as the current $2000 per week cannot cater for our needs,”said a resident.
“Imagine for example I get $20 000 as monthly salary, can $2000 withdrawal cater for my family needs?The RBZ needs to allow banks to increase the withdrawal limit,”added another resident.
THE Reserve Bank of Zimbabwe (RBZ) in February increased the daily withdrawal limit to $2 000 and moved to put in place a raft…

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