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
7
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:https://tihaiku.com/zcyy/3921105.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
Howmanymassivepatchesoffloatinggarbagearethereintheworld’soceansnow
Thebuybackprogramistheresultofamassiveshooting.[originaltext]NewZ
ThestaplefoodofZimbabweismaize.Peopleeatitasamilledcerealboiledin
Duringmanysectorsarefoundering,the$21billionvideogamesoftwareindustry
随机试题
Jimisn’t______,buthedidbadlyinthefinalexamslastsemester.A、gloomyB、d
Jackisvery_________aboutwines.A、awareB、knowledgeableC、learnedD、informed
Areyoulivingyourlifetothefullest?Areyouhappywithwho,what,orwh
Whywork?【C1】______youhaveperiodicallyaskedyourselfthesamequestion,
人们在谈论现在的孩子比过去的孩子聪明,这说明儿童心理发展的特征的( )A.延续
雌二醇结构改造的主要目的是A.增加雌激素活性 B.增加稳定性,可口服 C.改
变电站技改工程竣工验收前施工单位自验收及监理初验内容包括:竣工验收申请时应具备(
观看视频《故宫》片断,回答问题。视频解说内容:紫是古人心中的王者之星,紫薇来自天
在《神农本草经》中已记载的药物是( ) A.党参 B.大黄 C.北沙参
甲的注册申请被批准后,省建设厅向他颁发了注册证书和执业印章。根据规定,甲具有下列
最新回复
(
0
)