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
51
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:https://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
Whenshearrivedattheoffice,Mr.Smith______,sotheyhadonlytimeforafe
Linguisticsuse_______torefertotheabstractlinguisticsystemsharedbythe
关于建设工程设计发包与承包,以下做法正确的是( )。A.经主管部门批准,发包方
如图所示为某高中物理教科书的一个实验,该实验在物理教学中用于学习的物理知识是(
财政部代理发行地方政府债券,单一标位最低投标限额为( )亿元。A.0.1 B
1.系统无故障时,断路器偷跳(误跳)的现象为()。 A无保护动
对库存套保公式进行修正可以得到:套保头寸=风险敞口×套保比例=[期末库存水平+(
关于宪法规范,下列哪一说法是不正确的?A、具有最高法律效力B、在我国的表现形式
结核杆菌生命力顽强,且易产生耐药性,临床采用标准化学治疗方案 复治活动性肺
心肺复苏时,胸外按压频率为( )。A.80~100次/分 B.100~120
最新回复
(
0
)