Most Mutare banks yet to issue new notes

Most Mutare banks yet to issue new notes

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By Staff Reporter

Most Banks in Mutare are yet to issue new notes that were expected this morning.

A survey by Diamond Fm reporters at three commercial banks and a building society revealed that they were yet to receive the new notes from their head offices in Harare.

However some banks were issuing bond notes and coins clearing the long queues that had formed in the morning.

Reserve Bank Of Zimbabwe yesterday said it had dispensed notes and coins to all banks across the country.

Central bank Governor Dr John Mangudya said measures have been put in place to counter the channeling of cash from banks to the black market and the locking up of the new cash into the informal sector.

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