News / National
UK warn its citizens on cash crisis in Zimbabwe
08 Jun 2016 at 13:29hrs | Views
File photo: Barclays Bank Zimbabwe
The British government has warned its citizens planning to travel to Zimbabwe that they might face a squeeze in accessing money.
UK said Zimbabwe's economy was "increasingly fragile."
In a travel advisory, the UK government urged its citizens to have enough US dollar notes.
"Almost all transactions are conducted in US dollars," it said.
"Zimbabwe is currently experiencing a shortage of cash. It is not currently possible to make cash withdrawals using an international bank card,".
"Credit and debit cards are increasing in circulation but you should check in advance if a restaurant or hotel will accept them,".
Zimbabwe is facing critical shortage of bank notes.
Panic withdrawals have been fuelled by the Reserve Bank of Zimbabwe's announcement of the impending introduction of local bond notes in October which many Zimbabweans fear signal the return of a loathed local currency.
UK said Zimbabwe's economy was "increasingly fragile."
In a travel advisory, the UK government urged its citizens to have enough US dollar notes.
"Almost all transactions are conducted in US dollars," it said.
"Credit and debit cards are increasing in circulation but you should check in advance if a restaurant or hotel will accept them,".
Zimbabwe is facing critical shortage of bank notes.
Panic withdrawals have been fuelled by the Reserve Bank of Zimbabwe's announcement of the impending introduction of local bond notes in October which many Zimbabweans fear signal the return of a loathed local currency.
Source - Byo24News
