There was panic in Zimbabwe on Monday as people rushed to deposit old bearer cheques to beat a deadline set by the central bank, Harare’s Herald newspaper reported.
Its website said some people arrived with trunks full of bearer cheques at banks ahead of Tuesday’s deadline to freely deposit a maximum of Z$100-million.
Few clients were trying to withdraw money, while many were queuing to deposit bulk cash.
At the Commercial Bank of Zimbabwe, Angwa Street Branch, a customer who refused to be named was seen depositing cash that was stashed in two trunks.
Stanbic Bank, Samora Machel Branch, had a long queue of customers who were depositing cash while there was a smaller one for withdrawals.
At the Barclays Bank of Zimbabwe, Samora Machel Branch, there was confusion as customers jostled to bank their money.
Some customers who had failed to catch up with the banking hours were locked outside, as the rush continued. — Sapa