- Since the beginning of November this year, consumers and the business sector have witnessed a perennial currency shortage that has crippled operations while on the other hand, throwing consumers’ preparations for the festive season into disarray. The central bank has maintained that it was on top of the situation but this has not been as consumers continue to experience teething problems in their efforts to access cash from the banks. Sources in the banking industry leaked minutes of a meeting held with central bank where the idea of scrapping the $200 000 notes was discussed at length, with the RBZ officials warning of serious consequences if any bank defies RBZ directives. Said a c…

- HARARE, DECEMBER 12, 2007 The Zimbabwean Eye HARARE ZIMBABWE’S central bank, the Reserve Bank of Zimbabwe, R.B.Z, has mooted plans to scrap the newly introduced $200 000 bearer cheque notes and also to introduce a new $500 000 and $1 million notes as it tries in vain to avert the cash crisis haunting the Southern African nation. Since the beginning of November this year, consumers and the business sector have witnessed a perennial currency shortage that has crippled operations while on the other hand, throwing consumers’ preparations for the festive season into disarray. The central bank has maintained that it was on top of the situation but this has not been as consum…