Home / Business / Foreign Notes, Coins in Banks Decline

Foreign Notes, Coins in Banks Decline

The amount of foreign notes and coins in the commercial banking system slumped to $679,3 million during the year to December 31, 2017, from $1,3 billion at the close of 2016, central bank data has revealed.

In its monthly report for December 2017, the Reserve Bank of Zimbabwe (RBZ) noted that foreign notes and coins continued to disappear from the formal system as Zimbabwe’s foreign currency shortages and cash challenges persisted.

Check Also

Zesa, Minister Face Off

The US$400 000 electricity debt row between Local Government, Public Works and National Housing Minister …

error: Content is protected !!