Well, look at that. The Zimbabwean government just walked back a whole plan to tax people for taking out their own cash. This was part of Finance Minister Mthuli Ncube's budget for 2026. The idea was a straight-up levy on US dollar withdrawals.
They wanted regular folks to pay two percent on monthly withdrawals between five hundred and one thousand bucks. Anything over a grand would get hit with three percent. Businesses were looking at a three percent cut on any cash pull over ten thousand a month.
Obviously, that did not fly. The business community pushed back hard against it. The whole proposal got so much hate that they just scrapped it entirely. So, for now, you can grab your greenbacks without the government skimming a little extra off the top.
They wanted regular folks to pay two percent on monthly withdrawals between five hundred and one thousand bucks. Anything over a grand would get hit with three percent. Businesses were looking at a three percent cut on any cash pull over ten thousand a month.
Obviously, that did not fly. The business community pushed back hard against it. The whole proposal got so much hate that they just scrapped it entirely. So, for now, you can grab your greenbacks without the government skimming a little extra off the top.
