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*"Banks Still Refusing Individual Foreign Cash Withdrawals For Domestic Use"* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ml Reports indicate that banks are still refusing to allow individuals’ withdrawals of cash from Nostro Foreign Currency Accounts. A certain bank has reportedly sent an email to its management, saying that individuals should not be allowed to withdraw foreign cash until the authorities send a different circular or directive in the normal manner. Reads the correspondence: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Dear All > This update seeks to give clarity to the issue of cash withdrawals for individuals as follows. > The current policy being referred to is simply allowing withdrawal of foreign cash for permissible transactions under the new dispensation for example travel allowance outside Zimbabwe, prepaid cards for international use, etc; for which the bank will apply the normal KYC; AML/CFT standards before allowing such withdrawals to happen on a case by case basis. > Foreign cash withdrawal for domestic use is not permissible. > Should there be any further clarifications or amendments to the SI 142 by the authorities, you will be advised as soon as such directives or circulars are issued and received in the normal manner. > Regards _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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