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
62
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] Which of the following statement CANNOT be inferred from the passage?
选项
A、Local currency was rendered worthless by hyper-inflation in 2009.
B、The introduction of the hard currency system in 2009 gave Zimbabwe a short period of economic stability.
C、Some depositors withdrew their money due to the termination of the hard currency regime.
D、The decline in deposits is likely to be temporary if authorities provide credible guarantees of the continued existence of the hard currency regime
答案
C
解析
转载请注明原文地址:http://tihaiku.com/zcyy/3306545.html
相关试题推荐
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
Thebuybackprogramistheresultofamassiveshooting.[originaltext]NewZ
Anenergeticmanufacturingsectorpressedforwardwithahugerangeofitems,fr
Beforeoureyes,theworldisundergoingamassivedemographictransformation
大规模的人口流动成为推动社会变迁和经济发展的重要力量,也加剧了家庭的小型化、多样化、离散化。Massivepopulationmigrationhasb
Beforeoureyes,theworldisundergoingamassivedemographictransformatio
随机试题
LanguageFamiliesAllofthelanguageswithinala
公款吃喝,上有禁令,下有批评。然而,禁归禁,吃归吃,再穷的地方照样在不断地吃。而这些吃客们不知道是否想过:他们吃掉的岂止是美味佳肴,还有•辛国的希望呵!
[audioFiles]2019m9x/audio_ezfj_018_201909[/audioFiles]
ArobotissolifelikethatitssweatsarehelpingtheUSArmytotestprote
[originaltext]M:Arthur’sfarewelldinneristhisweekend.W:WishIcouldtake
刘某,女,28岁,已婚,多梦,头晕,乏力3年余,时见少腹弦急,外阴部寒冷,目眩脱
患者男,57岁。右股骨下段骨肉瘤,需进行化疗,以下护理措施不正确的是A、静脉注射
嵌入式衍生工具是指嵌入在()中的衍生金融工具。A:金融合约 B:衍生合同 C
对于交易型开放式指数基金(ETF),以下说法正确的是( )。A.以蓝筹股指数为
该鼠笼型电动机全压起动时起动回路的額定输入容量为()(选最接近的一个
最新回复
(
0
)