Mnangagwa goes after cash hoarders

Published: 31 March 2018
PRESIDENT Emmerson Mnangagwa's government has put a $10 000 cap on cash holdings by individuals, as the new administration seeks to bolster deposits and clamp down on a thriving currency black market, The Financial Gazette reported.

This also comes as the country’s liquidity crisis has not shown any signs of improvement and the broke government has even attempted as early as last week to go after "cash externalisers" by publicising a number of firms and individuals, in a bid to ease Harare's cash situation.
- fingaz
Tags: Mnangagwa,

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