By Staff Reporter
Cash withdrawal limits for individuals and businesses have been increased by the Reserve Bank of Zimbabwe (RBZ).
This came out in the 2022 monetary policy released yesterday by central bank governor, Dr John Mangudya.
Dr Mangudya revealed that the increase in withdrawals will ensure that the local currency is functional together with foreign currencies on local transactions.
Mobile banking transaction limits for individual to business, have been raised to ZW$25 000 from ZW$20 000, with a maximum transaction of ZW$100 000 per week.
Individual to individual limits have also been increased from ZW$5 000 to ZW$10 000 per transaction with a limit of ZW$70 000 per a week.
Cash withdrawal limits for the banking public have been increased to ZW$5 000 per week from ZW$2 000.
