Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 4946 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

Do you agree that foreskins of circumcised men could be used for witchcraft?

Yes
51.37%
No
13.7%
Hogwash
34.93%
146

Comments

News Updates

Email:

Latest News

Chibuku offsets decline in lagers for Delta Beverages - Delta's three ...

by Business reporter | 22 July 2014 | 225 Views

Botswana to turn away Zim asylum seekers - Botswana is planning to rej...

by Staff reporter | 22 July 2014 | 770 Views

BREAKING NEWS: Publishing falsehoods no longer criminal in Zimbabwe - ...

by Daniel Nemukuyu | 22 July 2014 | 991 Views

Vince Musewe joins Zunde - Vince Musewe, a qualified accountant, promi...

by Information & Publicity | 22 July 2014 | 1115 Views

Eduloan expands into Zimbabwe - Eduloan, South Africa's leading educat...

by Staff reporter | 22 July 2014 | 1261 Views

Mugabe warned on VP choice - ZANU-PF national chairman Simon Khaya Moy...

by Staff Reporter | 22 July 2014 | 4497 Views

KFC reopens in Zimbabwe

by Staff reporter | 22 July 2014 | 5105 Views

Zapu rubbishes Dabengwa critic

by Staff reporter | 22 July 2014 | 1307 Views

Chihuri reported to Mugabe

by Staff reporter | 22 July 2014 | 4596 Views

Southern Eye 'not shutting down'

by Staff reporter | 22 July 2014 | 802 Views

Dumiso Dabengwa dragged to court

by Staff reporter | 22 July 2014 | 2031 Views

'Time running out' for ex-Zapu cadrés - VOCAL war veteran Jabulani Ph...

by Staff reporter | 22 July 2014 | 1587 Views

Man struck with an axe in the head by war vets

by Staff reporter | 22 July 2014 | 3381 Views

Tsvangirai takes MDC-T fight to UK

by Staff reporter | 22 July 2014 | 1741 Views

Karuru impresses in trial outing with Kaizer Chiefs

by Mozal Molefe - SportsDay | 22 July 2014 | 2233 Views

SA raises security concerns over explosives smuggled from Zimbabwe - S...

by Staff reporter | 22 July 2014 | 1533 Views

Illegal interviews, teachers college rakes $70,000

by Staff reporter | 22 July 2014 | 2402 Views

Govt to compensate Zimdollar losses - Treasury is considering a token ...

by Staff reporter | 22 July 2014 | 2314 Views

Torn Ascot Stadium nets make a mockery of Zimbabwean football

by Petros Kausiyo | 22 July 2014 | 2125 Views

Soccer referee headbutted, match called off

by Takudzwa Chitsiga | 22 July 2014 | 2248 Views

Kuda Mahachi waits on AS Monaco

by Sikhumbuzo Moyo | 22 July 2014 | 2167 Views

Woman sends thugs to cut off ex-husband's manhood

by Prosper Dembedza | 22 July 2014 | 2783 Views

Zimra boss's 'niece' cons man $40 000, car

by Fungai Lupande | 22 July 2014 | 2016 Views

Lawyer 'bashes' client after being told he is dull

by Auxilia Katongomara | 22 July 2014 | 2723 Views

Man collapses after theft

by Mpumelelo Nyoni | 22 July 2014 | 2391 Views

Man stabs ex-lover for dumping him, jailed

by Sukulwenkosi Dube | 22 July 2014 | 1430 Views

Tsvangirai to charm the British political establishment - report

by Tendai Mugabe | 22 July 2014 | 895 Views

Tsvangirai spells out guidelines for MDC-T chair's post

by Nduduzo Tshuma | 22 July 2014 | 1368 Views

Entertainment

No talent is meant for the grave, Dr Nkomo Commemoration - The prepara...

by Nokutula Ncube | 22 July 2014 | 465 Views

Miss Curvy dinner flops

by Yeukai Karengezeka | 21 July 2014 | 3782 Views

'He's going to be in trouble once I die' says DJ Cleo's father - 64-ye...

by Staff reporter | 20 July 2014 | 4785 Views

Tsholotsho King reigns supreme

by Vusumuzi Ndlovu | 19 July 2014 | 3942 Views

Controversial Tin Tin vexed by lost BBA chance - Actress and former ra...

by Staff reporter | 19 July 2014 | 3512 Views

Zimbabwe artistes set for Afripraise UK Gospel Music Festival

by Blessed Kapesa | 19 July 2014 | 1662 Views

Born to Bulawayo parents, 11-year-old star shines in UK talent show

by Staff Reporter | 18 July 2014 | 5958 Views

Bev, 'Munotidako' reconcile

by Yeukai Karengezeka | 18 July 2014 | 4341 Views