Zimbabwe cut with­drawal charges

China Daily (Hong Kong) - - BUSINESS -

The Re­serve Bank of Zimbabwe has slashed cash with­drawal charges to en­sure bank­ing prod­ucts and ser­vices re­main af­ford­able. This fol­lows an out­cry from the pub­lic after banks con­tin­ued to charge the same rates de­spite sig­nif­i­cantly re­duc­ing their daily with­drawal lim­its due to the cur­rent cash short­ages. The new charges are now set at a max­i­mum of 1 per­cent for an amount with­drawn at an au­to­mated teller ma­chine and 1.25 per­cent over the counter.

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