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
49
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] The deposit run in Zimbabwe is associated with______.
选项
A、depositors’ speculation on the possible bankruptcy of the local banks
B、depositors’ speculation on the possible return of the local currency
C、depositors’ fear of a hyperinflationary crisis
D、depositors’ fear of commodity shortages
答案
B
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3306537.html
相关试题推荐
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
Thebuybackprogramistheresultofamassiveshooting.[originaltext]NewZ
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
Themassiveandnumerousdatabreachesoverthelastfewyearsproveatleas
Duringmanysectorsarefoundering,the$21billionvideogamesoftwareindustry
随机试题
Fromthismaterialwecan______hundredsofwhatyoumaycalldirectproducts.A
Youradvicewouldbe______valuabletohim,whoisnowatalossastowhatto
Nosooner______arrivedatthestationthanitbegantosnow.A、hadIB、IhadC、
It’sasimplecalculus,kidsandmoney:Frombirthuntilcollegegraduation,
感音性耳聋的病变部位在()A.耳蜗 B.咽鼓管 C.鼓膜 D.听骨链
某留学生在国外一家餐馆打工,老板要求洗盘子时要刷六遍。一开始他还能按要求去做,刷
风疹的皮疹特点是A、发热3~4天后出疹 B、红色丘疹,疹后脱皮 C、淡红色斑
造血正向调控因子是A.GM-CSFB.TGF-βC.TNF-βD.IFN-βE.
(2016真题)下列灭火器中,灭火剂的灭火机理为化学抑制作用的是()。A.泡沫灭
甲盗窃了一批珍贵的古董文物,为避免罪行暴露被抓,他将文物藏在自己的私密地窖内十年
最新回复
(
0
)