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Zimbabwe's workers will from Monday start withdrawing their full salaries following a decision by the Reserve Bank of Zimbabwe in December last year to allow them access to their money, the state-controlled Herald reported.
The withdrawal limit for non-payslip holders and corporate clients will, however, remain at five billion Zimbabwe dollars and 50 billion Zimbabwe dollars per week.
Before the latest increase, workers could withdraw 10 billion Zimbabwe dollars on production of a bona fide payslip, with workers from the informal sector having to produce proof that the earnings were from lawful sources, the newspaper said.
"The RBZ has since put in place modalities to allow workers access to their money.
"Last Friday, the central bank introduced new 20 billion Zimbabwe dollar and 50 billion Zimbabwe dollar notes for the convenience of the transacting public," the Herald said.
Workers welcomed the latest development, but urged the government to put in place measures to stop wanton increases in the prices of goods and services each time the withdrawal limit was raised, the newspapers said.
I-Net Bridge