Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 5264 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 Tsvangirai's BIG TENT leaking?

Yes
27.57%
No
31.62%
Not bothered
40.81%
272

Comments

News Updates

Email:

Latest News

PSMAS a De-service to its Membership - The incessant problems posed on...

by Suitable Kajau | 02 October 2014 | 632 Views

Herald exposes rift between Moyo, Gumbo - THE souring relationship bet...

by Staff reporter | 02 October 2014 | 1195 Views

Farmers must start preparations for 2014-15 agricultural season - Now ...

by Chido Chikuni | 02 October 2014 | 353 Views

Mwonzora cries foul

by Staff Reporter | 02 October 2014 | 961 Views

15 months on, devolution still nowhere in sight

by Staff Reporter | 02 October 2014 | 946 Views

Mugabe's aunt dies at 84 - President Mugabe's aunt, Magadalene Nyamuri...

by Lloyd Gumbo | 02 October 2014 | 2463 Views

Zimbabwe, Dar Salaam flights successful, says Fastjet

by Staff Reporter | 02 October 2014 | 1217 Views

EcoSchool targets 70% local varsity students in 18 months - ECONET Wir...

by Staff Reporter | 02 October 2014 | 884 Views

Shake up at Zimpapers - Government has reportedly instigated a shake-...

by Staff Reporter | 02 October 2014 | 1648 Views

Zesa in prepaid meter dilemma - Nearly 100 000 houses in Harare and Bu...

by Staff Reporter | 02 October 2014 | 2182 Views

Armed residents block demolitions - Harare City Council was last night...

by Staff Reporter | 02 October 2014 | 1688 Views

ConCourt reserves Woza judgement

by Staff Reporter | 02 October 2014 | 323 Views

Doctors threaten sit-in

by Staff Reporter | 02 October 2014 | 1067 Views

Health insurance deal for kombis - Commuter omnibus operators have str...

by Staff Reporter | 02 October 2014 | 600 Views

Residents give Mugabe a 7 day ultimatum

by Staff Reporter | 02 October 2014 | 1800 Views

BCC, Zinwa headed for a clash

by Staff Reporter | 02 October 2014 | 532 Views

ConCourt clears Justice Hungwe, orders sentencing of murderer

by Staff Reporter | 02 October 2014 | 846 Views

Obama told to shut up

by Bloomberg | 02 October 2014 | 1745 Views

Zanu-PF in bid to find Gono Senate solution - THE Zanu PF politburo on...

by Staff Reporter | 02 October 2014 | 1001 Views

Decentralize Intwasa ARTS Festival - WhatsApp update - Please note tha...

by Concerned Citizen | 02 October 2014 | 474 Views

Personal care industry faces collapse - The personal care industry fac...

by Staff Reporter | 02 October 2014 | 824 Views

Closed down companies in Bulawayo will not be revived, says Minister -...

by Staff Reporter | 02 October 2014 | 1612 Views

Mugabe critical of the state media - PRESIDENT Robert Mugabe has threa...

by Staff Reporter | 02 October 2014 | 1400 Views

Court rejects killer's freedom bid - A Harare court yesterday rejected...

by Court reporter | 02 October 2014 | 981 Views

Facelift for Zim diamonds - DIAMOND dealers have expressed satisfactio...

by Staff reporter | 02 October 2014 | 699 Views

Former ZBC boss case held - SUSPENDED Zimbabwe Broadcasting Holdings c...

by Crime reporter | 02 October 2014 | 1214 Views

Grace Mugabe's properties in Byo raided - Police in Bulawayo have laun...

by Crime reporter | 02 October 2014 | 3513 Views

Grace Mugabe, Bring Back Our PhD Now!

by Charles Njaivhana | 02 October 2014 | 2970 Views

Kushayo Zororo Documentary

by Staff Reporter | 02 October 2014 | 541 Views

Mugabe's biggest headache - …calls to end factionalism within Zanu P...

by Staff reporter | 02 October 2014 | 1864 Views

Entertainment

Zimbabwe International Gospel Musicians Association (ZIGMA)

by Staff Reporter | 02 October 2014 | 447 Views

Pokello urges Zimbos to support local BBA reps

by Staff Reporter | 01 October 2014 | 1986 Views

Izithunywa Zezulu Gospel Group - Yizwa Imithandazo Yethu - Sekwenzakel...

by Staff Reporter | 30 September 2014 | 785 Views

Tuku releases lyrics for new album ahead of launch

by Entertainment Reporter | 30 September 2014 | 1683 Views

Mtukudzi to release new album - Music superstar Oliver "Tuku" Mtukudzi...

by Staff reporter | 29 September 2014 | 1552 Views

Parliament TV Channel in pipeline - PARLIAMENTARY debates might soon ...

by Staff reporter | 28 September 2014 | 1299 Views

Omkhula, the funniest guys I have ever seen - NOW that the Intwasa Ar...

by Christopher Mlalazi | 28 September 2014 | 2982 Views

Albert Nyathi collaborates with Shabalala Rhythm's Maqhinga Radebe - R...

by Bekezela Tshuma | 28 September 2014 | 1094 Views
iBlog

Yet Another Wave Of Digital Destruction Is Coming

Malware fever keeps on raging, taking sophisticated forms to wreak havoc around the worldwide web. even if your system is guarded thoroughly, you are still skating on thin ice, so you should better keep your eyes open and think twice before you make ... Read More
SecNews 02 March 2014 ago

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago