POSB Offers Depositors $100 Bond Notes Once A Week As Cash Shortages Bite
7 April 2019
By Own Correspondent- Post Office Savings Bank (POSB) is offering its depositors a paltry $100 once a week as the cash crunch bites.
Civil servants who spoke to ZimEye expressed dismay at the amount they are getting from the savings bank.
Said one Blessing Chauke:
“They give us only $100 bond notes weekly and by the time you finish withdrawing your salary, you would have been paid the following month’s salary. We are at the bank every week.”
Added another POSB depositor:
“Government should address the issue of access to local currencies, We are tired of the long queues for money at bank