Zimbabweans get new banknotes, but angered by withdrawal limits

Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks…

Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $20, frustrating many customers. The new 2 and 5 Zimbabwe dollar notes and coins were scheduled to start circulating on Monday but failed to appear on time, causing confusion at banks. Shortages of cash, foreign currency, fuel and power are the most visible signs of the southern African nation’s worst economic crisis since 2008, when hyperinflation forced the government to ditch its currency.

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