Zimbabwe's Reserve Bank raises mobile money transfer limits to combat inflation and currency instability.

Zimbabwe's Reserve Bank (RBZ) has raised transaction limits for mobile money and electronic transfers to combat rising inflation and currency instability. Daily person-to-person (P2P) transfer limits increased from ZIG 2,400 to ZIG 4,800, and monthly limits rose from ZIG 8,000 to ZIG 16,000. Electronic fund transfer caps also expanded for trade payments. The RBZ plans to monitor these limits to support economic stability and promote a cash-lite economy.

November 02, 2024
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