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RBZ Monetary Policy Statement - Full document

by RBZ
29 Jan 2014 at 13:54hrs | Views
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

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Source - RBZ