Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 4021 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

Comments

Latest News

Pupils at Sinoia Primary School recite the national pledge - Pupils at...

by Staff Reporter | 04 May 2016 | 693 Views

Any politician who cannot tolerate public criticism and ridicule is no...

by Tendai Ruben Mbofana | 03 May 2016 | 869 Views

Kasukuwere must uphold constitutionalism - Kasukuwere must uphold con...

by E G Cross - Shadow Minister of Local Government | 03 May 2016 | 846 Views

Cervical cancer rife among sexually active Midlands girls - An increas...

by Thobekile Zhou | 03 May 2016 | 1007 Views

Fighting Corruption Is Everyone's Responsibility

by Sparkleford Masiyambiri | 03 May 2016 | 550 Views

Mnangagwa calls 'to incentivize workers' but where are the 2.2 m worke...

by Patrick Guramatanhu | 03 May 2016 | 590 Views

Christians take a stand against Dokora - Matabeleland Institute for Hu...

by Matabeleland Institute for Human Rights | 03 May 2016 | 2017 Views

Joint Statement of Democratic Political Parties - International Labour...

by Staff Reporter | 03 May 2016 | 728 Views

Catholics mum over the national pledge - THE noise surrounding the con...

by Staff Reporter | 03 May 2016 | 1580 Views

Silva still Dembare head coach - Dynamos head coach Paulo Silva will t...

by Staff reporter | 03 May 2016 | 1176 Views

Trafficking victim return pregnant - Thirty two trafficking female vic...

by Staff reporterr | 03 May 2016 | 2905 Views

Dembare player in horror accident, dislocates shoulder

by Thobekile Zhou | 03 May 2016 | 3496 Views

SA smart phone firm receives 50,000 export order for T-Touch

by Stephen Jakes | 03 May 2016 | 1524 Views

Coalition talks divide MDC-T - MDC-T executive members are allegedly a...

by Staff reporter | 03 May 2016 | 3120 Views

Mnangagwa addresses empty stadium - VP Mnangagwa yesterday was forced ...

by Staff reporter | 03 May 2016 | 4999 Views

Tshinga Dube at war with personal assistant - MAKOKOBA legislator Tshi...

by Staff reporter | 03 May 2016 | 2627 Views

ZimPF targets Zanu-PF strong holds - Zimbabwe People First (ZimPF) Chi...

by Staff reporter | 03 May 2016 | 1837 Views

Tsvangirai dumps big brother mentality - MDC-T leader, Morgan Tsvangir...

by Staff reporter | 03 May 2016 | 2268 Views

Zanu-PF orders lockdown on vendors - The ruling Zanu-PF party ordered ...

by Staff reporter | 03 May 2016 | 1919 Views

Zimra garnishes Zanu-PF activist Lumumba bank account - Trouble contin...

by Staff reporter | 03 May 2016 | 1350 Views

Utilize polluted Khami Dam water - Mphoko

by Staff Reporter | 03 May 2016 | 2344 Views

Cop defrauds state $3,000 - A GWANDA police officer has appeared in co...

by Noleen Makhurane | 03 May 2016 | 1362 Views

$250 fine for unlicensed negligent driver - A 30-YEAR-OLD unlicensed d...

by Elizabeth Tsuro | 03 May 2016 | 1406 Views

13 years for indecent assault over $1 - A 48-YEAR-OLD Inyathi security...

by Thandeka Moyo | 03 May 2016 | 1254 Views

Lawyer takes cops to court for impounding car over $10 fine - A CITY l...

by Mashudu Netsianda | 03 May 2016 | 1835 Views

Plans underway to harvest Khami Dam water - THE government is explorin...

by Mashudu Netsianda | 03 May 2016 | 886 Views

Entertainment

Tupac's mother, Afeni Shakur Davis, dies at 69

by Staff Reporter | 04 May 2016 | 598 Views

'Ekhweni lami' a classic value for money project

by Vusmann | 03 May 2016 | 718 Views

Macheso relishes SA tour - "We have performed in South Africa before, ...

by Tawanda Marwizi | 03 May 2016 | 908 Views

Maita crowned Miss Africa Zimbabwe - Harare beauty, Maita Kainga was c...

by Bongani Ndlovu | 02 May 2016 | 1606 Views

1ns and 2s with DJ-Sticha - Know your song Mondays

by DJ-Sticha | 02 May 2016 | 1432 Views

Interview with musician Lyfe Martinez

by Staff reporter | 01 May 2016 | 1831 Views

Busi Mhlanga flies Zimbabwe flag high in foreign lands

by Mafu Sithabile | 29 April 2016 | 6508 Views
iBlog

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Mobile Spy Software Maker Mspy Hacked

mspy, the makers of a software-as-a-service product that claims to help more than two million people spy on the mobile devices of their kids and partners, to have been massively hacked. a public relations pitch from mspy to krebsonsecurity in march ... Read More
SecNews 17 May 2015 ago