Empty ATMs: Huge withdrawals before August poll – BoZ, FIC
Published On September 7, 2021 » 1292 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Chirwa

By KASONDE KASONDE and STEVEN ZANDE-
THE Bankers Association of Zambia (BAZ) has attributed the shortage of cash on the market to hefty withdrawals made prior to the August 12 general elections. Additionally, the Financial Intelligence Centre (FIC) says from January to September this year K8.6 billion was deposited in corporate accounts out of which K8.5 billion has now been withdrawn and it remains untraced.

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