Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 4729 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

Should Zimbabweans be deported from the UK?

Yes
27.87%
No
70.03%
Not sure
2.09%
287

Comments

News Updates

Email:

Latest News

Zanu PF's three leadership succession plans - Watching and listening t...

by Takura Zhangazha | 23 April 2014 | 658 Views

NGO introduce washable pads for women and girls - Most women and young...

by Staff reporter | 23 April 2014 | 491 Views

Hookers using anti-HIV drugs instead of condoms - In Zimbabwe, 1.2 mil...

by Ruzvidzo Mandizha investigates. | 23 April 2014 | 1092 Views

Extra lessons ban backfires - Parents with school-going children have ...

by Staff reporter | 23 April 2014 | 1119 Views

MDC-T founding member laid to rest - THE MDC-T Deputy National Chairpe...

by Staff reporter | 23 April 2014 | 903 Views

Crocodile attack, 12-yr-old boy dies

by Staff Reporter | 23 April 2014 | 917 Views

'UZ cannot willy nilly downgrade qualifications,' says Court

by Daniel Nemukuyu | 23 April 2014 | 1283 Views

'China not doing enough in Zim development,' says Zanu-PF

by Staff reporter | 23 April 2014 | 1244 Views

Killing the Messenger is not Killing the Message - The recent expulsio...

by Suitable Kajau | 23 April 2014 | 891 Views

HIV+ Nurse accused of spreading HIV

by Sapa-AP | 23 April 2014 | 2127 Views

Best friend opens up about private parts attack - YESTERDAY there was ...

by Staff reporter | 23 April 2014 | 2104 Views

Zimbabwe vote rigging 'mere touting' - The recent claims of vote riggi...

by Caitlin Kamba | 23 April 2014 | 1345 Views

Mugabe's Independence day speech uproar takes a nasty turn - The furor...

by Dosman Mangisi | 23 April 2014 | 2240 Views

Vapostori bridal party dance goes viral - Video - A bridal party dance...

by Staff Reporter | 23 April 2014 | 2529 Views

'Extra lessons are the engine behind good results in Zim' - WhatsApp u...

by Concerned Citizen | 23 April 2014 | 914 Views

Watch Prophet Makandiwa perform miracles - Video - United Family Inter...

by Staff reporter | 23 April 2014 | 1935 Views

Mentally ill man rapes infant

by Staff reporter | 23 April 2014 | 1835 Views

Wife scalds hubby with cooking oil

by Staff reporter | 23 April 2014 | 2282 Views

Man 'sex-starved' for 10 years

by Staff reporter | 23 April 2014 | 3544 Views

Mujuru fails to turn up for ZITF keynote speech

by Staff Reporter | 23 April 2014 | 2807 Views

Zifa, Gorowa in talks of Warriors coaching job

by Petros Kausiyo | 23 April 2014 | 1688 Views

Zimsec board to draft Zimbabwe-centric curriculum

by Staff reporter | 23 April 2014 | 1284 Views

Top cop up for fines theft - Zimbabwe Republic Police Matapi officer-i...

by Fungai Lupande | 23 April 2014 | 2147 Views

Kombi runs over toddler - According to a reader, the confrontation bet...

by Staff reporter | 23 April 2014 | 2378 Views

Man infects wife with HIV, dumps her for a girlfriend - A WOMAN on Tue...

by Staff reporter | 23 April 2014 | 2273 Views

'Army wields influence on Mugabe succession matrix' - ZIMBABWE'S milit...

by Staff reporter | 23 April 2014 | 2748 Views

Man rapes, infects juvenile with STI - A 24-YEAR-OLD Silobela man in t...

by Staff reporter | 23 April 2014 | 1814 Views

'I'm now broke,' says Tsvangirai - FORMER Prime Minister Morgan Tsvang...

by Staff reporter | 23 April 2014 | 3908 Views

Granny axes hubby to death over sex

by Staff reporter | 23 April 2014 | 3560 Views

Entertainment

Majaivana's son to release debut album with Bosso tune - Lovemore Maja...

by Staff reporter | 23 April 2014 | 423 Views

Rising reggae star Matty Julius comes to Zim Achievers Awards

by Arts Correspondent | 23 April 2014 | 460 Views

Tuku Recalls Picky for Greatest Hits Concert

by Staff Reporter | 22 April 2014 | 1720 Views

Oskido, Big Nuz in no show - SCORES of revellers were baying for South...

by Thupeyo Muleya | 22 April 2014 | 1080 Views

Hosiah Chipanga likens self to biblical Noah - VETERAN musician-cum-pr...

by Liberty Dube | 20 April 2014 | 3080 Views

SA based Chimurenga musician release album

by Staff Reporter | 23 April 2014 | 2537 Views

Deborah Fraser jets in

by Staff Reporter | 19 April 2014 | 2834 Views

All-white party for Dongo - Soulful singer Trevor Dongo is set perform...

by Jonathan Mbiriyamveka | 18 April 2014 | 2900 Views

Tuku Greatest Hits Concert postponed - Oliver Mtukudzi's Greatest Hits...

by Staff reporter | 16 April 2014 | 1914 Views

'Corruption is betrayal of the values of the liberation struggle' says...

by Jonathan Mbiriyamveka | 16 April 2014 | 2369 Views

Stand Up comedian to record one man show in Zimbabwe - Daliso Chaponda...

by Staff reporter | 16 April 2014 | 1699 Views
iBlog

Internet Monitoring And Brand Protection

A review of the past 10 years in cyber security opened our eyes here at massive. reflecting on over 50 international security conventions, hundreds of white papers and government policies, we now see the gaping whole in security industry comes down t... Read More
SecNews 13 January 2014 ago

The Final Round By Raja Zeeshan

... Read More
RajaZeeshan 11 January 2014 ago