Currency shortage in Zimbabwe prompts overnight queuing outside banks


A shortage of bank notes in Zimbabwe has seen some people spending the night queuing outside banks.

The country has been experiencing a dearth of the preferred U.S. dollar for some months now. Officials are due to introduce local bond notes this month to help ease the cash crunch.

Zimbabwe’s economic crisis is going from bad to worse, forcing hundreds of people to sleep outside their banks to be able to get money.

The country adopted the US dollar and South African rand in 2009 after massive inflation wreaked havoc to the economy and rendered the local currency worthless. But banks are now running out of US dollar reserves, and that is leading to massive queues.

Some banks have already limited withdrawals to just $50 a day per person.

Farai Mwakutuya has more.

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