Acting Governor, Charity Dhliwayo presented the 2014 Monetary Policy
Statement today in which she extended the period for complying with the
minimum capital of $100 million for commercial and merchant banks to 31
December 2020.
She also highlighted that "the country's economic landscape is facing increasing challenges."
According
to Dhliwayo the MPS attaches great prominence on measures aimed at
maintaining the stability of the banking sector whilst at the same time
enhancing its key intermediary role.
RBZ also introduced new
currencies that include Australian dollar, Chinese yuan, Indian rupee
and Japanese yen on top of the currencies that have been used before.
RBZ Monetary Policy Statement Full Document
- RBZ
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