#Breaking: RBZ Climbs Down On Cash In, Cash Out!


The Reserve Bank of Zimbabwe has made a huge climbdown on its ban on cash in, cash out and cash back facilities, saying the transactions can be performed, but with limits.

The summersault move comes after Technomag yesterday exclusively reported the RBZ was deeply divided over the ban on grounds it was against the spirit of financial inclusion and anti-business, with indications a reversal was being finalised

In an official statement, the reserve bank re-introduced the cash in and cash out, limiting all transactions to $100 RTGS per day.

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