Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 5861 Views
THE Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has postponed the announcement of the monetary policy to today.

Gono was expected to have delivered the policy statement yesterday.

The policy statement comes at a time when the central bank hinted on more banking sector reforms, which seek to strengthen the financial services sector following the introduction of multiple currencies in 2009.

The central bank chief said a new ombudsman is expected to be appointed during the current fiscal year in a bid to strengthen the banking sector.

The banking sector has been operating since 2009 without an effective lender of last resort and today's monetary policy would also seek to address the issue which has left banks without any financial backing from the central bank.




Among other things, the central bank would be announcing the banks that have managed to meet part of the $100 million minimum capital requirements and those that have failed.

Gono said at least $150 million was required for the lender of last resort function. He would address the issue of the implementation of Basel II Implementation Action Plan by financial institutions to strengthen them.

Gono Monetary Policy

Source: newsday

Is Itai Dzamara eyeing the US Green Card?

Yes
20.44%
No
73.85%
Not sure
5.71%
543

Comments

Live Debate

Any good reason why South Africa doesn't celebrate Africa Day?

by Ndou Paul | 2012 November 08 | 2458 Views

News Updates

Email:

Latest News

'Don't be a nation of drunkards,' says Mnangagwa

by Thobekile Zhou | 25 May 2015 | 4661 Views

She defied convention and broke the glass ceiling - Part 1 - My name i...

by Nomazulu Thata - taken from eBook: 'Sweetmother' | 25 May 2015 | 2784 Views

Mugabe faces jail over forged ID

by Staff Reporter | 25 May 2015 | 8978 Views

Mujuru's leadership capacity questioned - FORMER Vice-President Joice ...

by Staff reporter | 25 May 2015 | 4493 Views

Man catches wife pants down with another man, bites off lovers cheek -...

by Staff reporter | 25 May 2015 | 5483 Views

Jonathan Moyo must not pretend to be dull - Pretending to be dull is a...

by Gift Mambipiri | 25 May 2015 | 2702 Views

Woman attacks lover's target with a brick

by Staff reporter | 25 May 2015 | 2390 Views

Zimbabwe fights to claim Grace Mugabe's £4m villa - The cash-strapped...

by Peta Thornycroft - The Telegraph Group | 25 May 2015 | 4722 Views

Man 'begs' for sex with male gospel artist - Little known gospel arti...

by Staff Reporter | 25 May 2015 | 4827 Views

Mugabe's poison - President Mugabe has called on South Africans to dir...

by Zimvigil Co-ordinator | 25 May 2015 | 3967 Views

Principal molests 15-year-old female student

by Staff Reporter | 25 May 2015 | 2841 Views

Zimbabwean man selling aphrodisiac in the streets - Video - Zimbabwe...

by Staff reporter | 25 May 2015 | 2486 Views

Chicken Inn opens outlet in Gwanda

by Staff reporter | 25 May 2015 | 1574 Views

Moeletsi Mbeki's think tank could be a project of westerners - EDITOR...

by Chido Chikuni | 25 May 2015 | 1303 Views

MDC-T blast Jonathan Moyo over ZBC insolvency remarks - The MDC-T orga...

by Stephen Jakes | 25 May 2015 | 1465 Views

Africans must deal with Mugabe - Opposition Politicians have called fo...

by Stephen Jakes | 25 May 2015 | 1394 Views

Zimbabwe needs liberation not SA, Mugabe told - President Robert Mugab...

by Stephen Jakes | 25 May 2015 | 2442 Views

Zim serial robbers failed to challenge incriminating evidence in Botsw...

by Stephen Jakes | 25 May 2015 | 1302 Views

Chaos as Zimbabwe shops reject SA rands - There was reportedly chaos a...

by Stephen Jakes | 25 May 2015 | 4693 Views

Mugabe owes Kaukonde $30 million - PRESIDENT Robert Mugabe last Thursd...

by Staff reporter | 25 May 2015 | 3780 Views

Zanu-PF chairperson joins MDC-T - ZANU-PF Gokwe Town Centre chairperso...

by Staff reporter | 25 May 2015 | 3619 Views

Man fatally assaulted at a prayer confession session

by Nokusa Masuku | 25 May 2015 | 2860 Views

Welshman Ncube accuses West of sponsoring conflict

by Nduduzo Tshuma | 25 May 2015 | 2385 Views

Khaya Moyo questions Tsvangirai's sanity

by Nduduzo Tshuma | 25 May 2015 | 2273 Views

Mliswa accused of inciting hatred, tribalism and violence

by Stephen Jakes | 25 May 2015 | 2595 Views

Justice will not make me get my arms back- Botswana shooting victim - ...

by Stephen Jakes | 25 May 2015 | 1478 Views

Protesters bay for Langa's blood

by Stephen Jakes | 25 May 2015 | 2496 Views

Political development is more than the exit of Mugabe

by Tendai Kwari | 25 May 2015 | 1667 Views

Entertainment

ZTV blackout looms - ZIMBABWE will likely miss the June 17 Internation...

by Staff reporter | 25 May 2015 | 2957 Views

Bulawayo snubs Big Nuz - AFTER gathering strength to make the long tr...

by Kusile Madlela | 25 May 2015 | 2629 Views

Winky D face 10 year UK ban for fraud

by Staff Reporter | 24 May 2015 | 5023 Views

Ngibhace ezizweni - Unkown Artist - ...

by Staff Reporter | 23 May 2015 | 3748 Views

Zimbabwe linked Tinashe nominated for a BET award - TINASHE Jorgenson ...

by Staff reporter | 23 May 2015 | 2364 Views

Don Moen to perform at Prophet Magaya's crusade - American gospel mu...

by Staff reporter | 23 May 2015 | 2271 Views
iBlog

Four In 10 Americans Face Regular Online Fraud Attacks

Microsoft offers four primary tips to help protect users from identity theft:• be selfish and defensive with personal information by not sharing sensitive details in emails, and instant and text messages• create, use and keep secret so-called “... Read More
SecNews 24 October 2014 ago

Protect Your Greatest Small Business Asset: Time

if your work week is way more than 40 hours, your smartphone is glued to your hand, and your to-do list is multiple pages of overdue tasks—you know how valuable every minute of your time is.your smartphone and tablet make doing business from anyw... Read More
Sergey 05 September 2014 ago