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Solvency challenges hit AfrAsia, bank limits withdrawals

HARARE – AfrAsia Bank Limited (AfrAsia) is limiting depositors’ withdrawals due to solvency challenges. The bank, limiting withdrawals to between $50 and $200 depending on the day, said it was suffering the effects of the prevailing acute liquidity crisis. “…liquidity constraints in the local economy have affected our normal operations,” spokesperson Sekai Chitemerere told Business…

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