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
30
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 phrase "militate against" underlined in Paragraph 3 is closest in meaning to______.
选项
A、ameliorate
B、deteriorate
C、launch an attack against
D、conflict with
答案
D
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3921100.html
相关试题推荐
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
IMF’sConcernaboutZimbabwe’sEconomyVocabularyandExpressionsInternational
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
ThestaplefoodofZimbabweismaize.Peopleeatitasamilledcerealboiledin
Beforeoureyes,theworldisundergoingamassivedemographictransformation
随机试题
Lookatthechartsbelow.Theyshowapublishingcompany’ssalesineightcountr
WhenCarol’ssongotanFonhisreportcard,shehittheceiling!Theunderline
[originaltext]M:Canyoubelievethat?Wecouldhavegotthedeal,butItotall
监理工程师在审查施工单位的工程进度计划时应注意下列事项包括()A.工期和时间安
患者低热,头晕眼花;心悸不宁,面白少华,唇甲淡白,舌质淡,脉细。其治法是A.益气
建设工程项目的全面质量管理是指()。A、各参与主体的工程质量和工作质量的
有关晕针处理方法的叙述,不正确的是()A.立即停止针刺,将针全部起出 B
取用无菌溶液法,不妥的是A.取无菌溶液前,洗手,戴口罩 B.根据医嘱认真查对无
筛选试验在下列哪种情况是适宜的( )。A.患病率高的疾病 B.患病率低的疾病
(2022年真题)根据《标准设计施工总承包招标文件》,承包人可获得工期、费用和利
最新回复
(
0
)