Cash transporter Armaguard has sealed an agreement with the country’s largest banks and retailers to deliver the Linfox-controlled group an additional $50 million, assuring the distribution of bank notes and coins throughout the economy for at least a year.

Almost three months after an initial bailout package collapsed, the new agreement, finalised over the weekend, will provide additional funding for Armaguard for a year from July 1 and is expected to be submitted to the competition regulator for approval on Monday.