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
2025-01-20
19
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] After 2009, the domestic currency in Zimbabwe has______.
选项
A、appreciated
B、depreciated
C、been dumped
D、been introduced
答案
C
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3921096.html
相关试题推荐
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
ThestaplefoodofZimbabweismaize.Peopleeatitasamilledcerealboiledin
Beforeoureyes,theworldisundergoingamassivedemographictransformation
Ininternationalbankingtoday,abankmusthaveadeep______intointernationa
Duringmanysectorsarefoundering,the$21billionvideogamesoftwareindustry
随机试题
AsforAnn,Iamnotsureabouther_________inItalian.A、fluencyB、clarityC、c
Thestrongerachild’svocabulary,themoresuccessfulshetendstobeinsc
D
能判断血尿来自何处尿路的检查方法是A.X线摄片 B.B型超声波 C.CT
某混凝土试块强度值不满足规范要求,但经法定检测单位对混凝土实体强度经过法定检测后
实现肺通气的组织器官是下列哪项A、肺泡 B、胸廓 C、呼吸道、肺泡 D、呼
设随机变量X服从λ=2的泊松分布,则P(X≤2)=()。 A.e-2B.
男,30岁,四肢、躯干重度烧伤,6天后高热、谵妄,周身皮疹,创面有较多黄稠脓性分
D
(2018年)根据《环境空气质量标准》,关于环境空气功能区分类的说法正确的有()
最新回复
(
0
)