Have you experienced delays in getting your money back home? Well, there are problems there at the banks in Zimbabwe. Besides the power outages experienced in Zimbabwe last week, it has also been reported that the Real Time Transfer Gross Settlement (RTGS) system has been experiencing problems since Monday last week.
Bankers Association of Zimbabwe president Dr John Mangudya said the problem emanated from TelOne link and also the installation by Banks and Building Societies of the new electronic security system introduced by the reserve bank of Zimbabwe.

Mr Mangudya said, “banks are currently looking at temporary measures to avoid further inconveniences to the public while the problem is being rectified.
TelOne acting managing director confirmed the disruption of the connection system saying their link station has run out of diesel.
“We had some prolonged power cuts and our link station ran out of diesel. Since we do not have reserves, we had to empty fuel from other repeater stations. (A national company living from hand to mouth)

Zimbabwe has been experiencing severe economic problems and only last week the country was plunged into darkness when Eskom stopped supplying Zimbabwe with electricity. This brought many businesses to a standstill when the country was left without essential services.
Do you think the reserve bank governor is doing a good job managing the economy? Will he be able to pull the country out of this terrible mess?

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