12 April 2018

Zimbabwe: 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.

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