Zimbabweans express frustration over $20 weekly withdrawal limit

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$20 weekly withdrawal limit

Zimbabwe in response to the current economic hardship has recently unveiled its own indigenous currency after ditching the foreign dollar over hyperinflation causes.

Not only is there a shortage of cash, but also the fuel and power sector have faced the worst hit since the year 2008.

Many individuals, especially pensioners were seen queuing outside the Central Bank in Harare and many expressed their displeasure over the 300 Zimbabwean weekly withdrawal limit which according to most is not enough for sustenance.

In a twist of events, black market traders have begun to take advantage of the scarcity and have started selling the banknotes at rates as high as 40%.

Many citizens have begun considering keeping their monies at home as faith in the country’s financial system is failing