首页
登录
职称英语
Zimbabwe’s banking sector has been hit with massive withdrawals by risk-loath
Zimbabwe’s banking sector has been hit with massive withdrawals by risk-loath
游客
2023-12-26
58
管理
问题
Zimbabwe’s banking sector has been hit with massive withdrawals by risk-loathing depositors over the past five months, with banking sector sources indicating that reports of a return of the domestic currency have further unsettled bank customers. The Zimbabwe dollar was banished from circulation in 2009 to stem a hyperinflationary crisis that plunged the economy into an unprecedented catastrophe characterized by commodity shortages.
A source from one top bank said since December last year, most businesses have been transacting in cash and avoiding the banking sector. He said this is likely to have resulted in an overall shrinkage in deposit levels within the banking sector. "I have not noticed any panic withdrawals as a result of reports of a Zimbabwe dollar return, but since December, many people have been preferring cash transactions and avoiding banks," said the source.
Total banking sector deposits amounted to US $ 473 billion as at December 31, 2013, according to latest statistics from the Reserve Bank of Zimbabwe(RBZ). This was an increase from deposit levels of US $384 billion in June 2013. Deposits have since the adoption of a hard currency economy grown slowly due to a combination of factors. These factors include low deposit rates being offered by banks, which the RBZ says have conspired with high bank charges to
militate against
efforts geared at broadening the country’s deposit base.
An acceleration of deposit withdrawals is likely to worsen a liquidity crunch in a country desperate for cash to revive an economy back in intensive care after stabilising briefly when government adopted a hard currency regime. Another banking sector source said liquidity in the banking sector was "gradually thinning. " He suggested that this could have something to do with reports of the Zimbabwe dollar’s resurgence.
Panic over the comeback of the Zimbabwe dollar would be regardless of assurances from government that it would not bring back the local currency into circulation soon, despite a liquidity crunch certain to
impede
government business unless a rescue package is secured. Another banking sector source said deposits were plummeting due to significant withdrawal levels by the corporate sector. [br] According to the passage, the government of Zimbabwe______.
选项
A、is contemplating to bring back the Zimbabwe dollar into the economy
B、pledged to stick to the current hard currency regime
C、pledged to protect government business
D、pledged to launch a rescue package
答案
B
解析
转载请注明原文地址:http://tihaiku.com/zcyy/3306542.html
相关试题推荐
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
Thebuybackprogramistheresultofamassiveshooting.[originaltext]NewZ
ThestaplefoodofZimbabweismaize.Peopleeatitasamilledcerealboiledin
Beforeoureyes,theworldisundergoingamassivedemographictransformation
Themassiveandnumerousdatabreachesoverthelastfewyearsproveatleas
随机试题
HitlerwantedtoinvadeEngland【56】couldnotdosountiltheRAFwasdestroy
Myfaithinhumannaturehasneverbeensogreatasitwaslastweekendafte
Hemadealongspeech______(只暴露出他对这门学科一无所知)onlytoshowhisignoranceofthes
【S1】[br]【S5】A、cluesB、informationC、waysD、therapyA名词辨义。人们对怎样过上幸福快乐的生活没有明确的方式
治疗急性淋巴细胞白血病的首选方案是()。A.MOPP B.CHOP C.D
某家电生产企业为增值税小规模纳税人,2019年8月销售500件自产的家电,取得含
乳癌患者出现卫星结节癌肿侵及的部位是A.大片皮肤 B.Cooper韧带 C.
该地2007年乘用车总保有量比2006年增长约() A.32.6%B
C-3位为氯原子,亲脂性强,口服吸收好A.头孢氨苄 B.头孢克洛 C.头孢呋
原位癌区别于早期漫润癌的病理判断标准是A.上皮棘层细胞完好 B.上皮基底膜完好
最新回复
(
0
)