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Kombo Moyana ready to help on cash crisis

by Staff reporter
13 Jun 2016 at 03:47hrs | Views

Zimbabwe's first black central bank governor Kombo Moyana says he is prepared to offer solutions to the prevailing cash crisis if he is asked to do so.

The country is grappling with a cash crisis that has seen the return of long queues at banks, which have been forced to put caps on withdrawals as they try to manage the situation.

The Reserve Bank of Zimbabwe (RBZ) is also advocating for the use of plastic money to reduce the demand for cash, while experts warn that government is addressing the symptoms and not the root cause of the problem. Moyana said that solutions were found when people sat down and engaged.

Source - The Standard
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