Zimbabwean banks run out cash, impose $50 withdrawal limit

Some Banks in Zimbabwe have announced a $50 withdrawal limit per day as cash shortage deepens in the country. The country has been battling with cash shortages since 2016, with authorities blaming the externalization of foreign currency, hoarding and other illicit financial outflows. According to Zim News, banks such as CABS, ZB, National Building Society and Standard Chartered