Zimbabwe’s Central Bank has identified the low use of electronic payments as one of the causes of the pervasive cash shortages in the country.
Long lines, tight withdrawal limits and ATMs running out of cash have become a common feature at Zimbabwean banks.
On Wednesday, the Central Bank was prompted to announce several measures, including revising cash withdrawal limits downwards as well as the planned introduction of local ‘bond notes’ to circulate alongside the United States dollar and other currencies.
Here is a snapshot of Zimbabwe’s national payments system, according to data provided by the central bank. The latest information, published in January 2016, captures statistics for the final quarter of 2015:
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This post was last modified on May 6, 2016 6:48 pm
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