Zimbabwe to allow U.S. dollar cash withdrawals
July 1, 2019
9:01 am
People and companies in Zimbabwe hold $1.3 billion in foreign currency accounts, central bank governor John Mangudya said on Monday after the finance minister announced that individuals will be allowed to withdraw their U.S. dollars in cash.
Mangudya told a parliament committee that individuals would be allowed to withdraw up to $1,000 a day from their foreign currency accounts without restrictions but that companies would need to talk to their banks if they needed cash dollars.
Zimbabwe made the RTGS dollar, an interim currency introduced in February, its sole legal tender last Monday, ending a decade of dollarization and taking
