Gideon Gono reinvents Gideon Gono

Central bank governor Gideon Gono told United States ambassador Christopher Dell, two days before the presentation of his first 2007 monetary policy statement, that he was going to begin “true reform”, promote national unity and engage the international community “East, West, North and South”.

(33 VIEWS)

Banks facing the crunch

Stricter liquidity controls that were announced by the Reserve Bank of Zimbabwe in January 2006 raising statutory reserves to 60 percent for demand deposits and 45 percent for savings deposits were reported to be sapping the sector of vital capital.

(43 VIEWS)