More Cash for Zimbabwe, RBZ

The Reserve Bank of Zimbabwe (RBZ) has increased monthly cash imports to US$150 million from US$100 million, as efforts to ease cash shortages in the country continue.

The Reserve Bank of Zimbabwe (RBZ) has said that with the help of the Afreximbank it has increased the amount of cash imported and supplied to the banking system. Said Mangudya,

We are going to continue providing cash as well as promoting a cashless society. This week alone (last week) we injected US$25 million and next week (this week) we are putting US$30 million, so this month we are saying we have increased it from US$100 million to US$150 million. The Afreximbank has been very supportive, they approved the disbursement of funds into the economy. There has also been the increase in gold and tobacco exports which have seen the increase in foreign currency in the country.