POSB now allows tobacco farmers to withdraw USD
Thanks to 2008 and 2018, Zimbabweans have a pretty bad view about banks and most people would rather put money into their mattresses and risk getting robbed rather than depositing it into a bank and risk never being able to withdraw it.
Given the recent spike in robberries, it might be a good idea though to deposit a bit of your money especially if we also consider the fact that more and more banks are now allowing people to easily withdraw USD from their Nostro FCA accounts.
POSB is now the latest bank to announce this:
Even though the ad is targeted at farmers, the wording shows it clearly applies to other Nostro-account holders as well.
Again, thanks to the government’s convoluted rules, civil servants still cannot withdraw their government paid USD salaries.
Also like all things in Zimbabwe, just know that if you do make a deposit there is always a risk that the government will snap its fingers and the rules will change before you know it and your money will be stuck.
Source | ZimPriceCheck
In other news, Gweru Businessman Shoots Dead Wife’s Friend & Suspected Lover
There was horror at the Bensam Flats in Gweru in the early hours of Friday after a local businessman went berserk and shot four people.
A prominent car dealer in Gweru, Peter Dube, last night opened fire on four people, killing two and injuring two others, including his wife Nyasha Nharingo, following a domestic dispute at their residence in the central business district.
In a sad and unusual development that occurred at Bensam Flats in Gweru, a local businessman Peter Dube (35) shot and killed his lovers’ suspected boyfriend along with his girlfriend, leaving his second wife Nyasha Nharingo (31) and her sister Nyaradzo Nharingo (34) seriously injured…Learn More