Artists of Gansu Dance Troupe visited the Latvian capital to present Chinse New Year's show to audienee at the Great Guild Hall in Riga Old Town on January 26.
The Zimbabwean financial sector has been retrogressive,constrained,and unpredictable since the year 2000,serving for the multiple currency periods(2009-2013)after the demonetization of the domestic dollar.The sector s...The Zimbabwean financial sector has been retrogressive,constrained,and unpredictable since the year 2000,serving for the multiple currency periods(2009-2013)after the demonetization of the domestic dollar.The sector since then has seen a number of commercial banks fail to meet RBZ(Reserve Bank of Zimbabwe)minimum capital requirements,put under curatorship,delisted or liquidated because of a myriad of operational and financial challenges.The objective of this study is to make an assessment of whether or not the introduction of bond notes has been a curse or blessing.The study drew raw data from bank account holders,academics,general public,corporate world and commercial banks in Masvingo for analysis and interpretation.The study established that the majority of people,corporate world and commercial banks were sceptical to embrace the surrogate bond notes because of the uncertainties,operational and financial risks that they paused on the domestic financial markets.It was also discovered that most banks were quick to pay clients’withdrawals in bond notes,deduct US dollar equivalences from their accounts,and distinguish bond notes from US dollars at the point of making deposits and foreign business transactions.It was also realized that there was market indiscipline and trading in bigger US dollar notes in the informal sector and serious shortage of the same notes in the formal sector.The study concluded that the introduction of bond notes to trade parallel to the US dollar brought a serious shortage of cash on formal markets and increases in the general price level of goods and services.The study therefore recommends that the RBZ should completely withdraw the bond notes from the market to accord the US dollar its world market value and restore confidence and discipline in the Zimbabwean financial sector.The study also recommends another option of the adoption of the South African Rand as an interventionist way of solving Zimbabwe’s liquidity crises.展开更多
CHINA＇S economy grew at a rate of 7.4 percent in 2014 amidst painstaking efforts to carry out structural reform, eliminate outdated production capacity and promote innovation. ＂China has surmounted tremendous press...CHINA＇S economy grew at a rate of 7.4 percent in 2014 amidst painstaking efforts to carry out structural reform, eliminate outdated production capacity and promote innovation. ＂China has surmounted tremendous pressures and challenges to realize its goal of maintaining a growth rate around 7.5 percent,＂ said Ma Jiantang, Commissioner of the National Bureau of Statistics （NBS）. noting that the growth rate was hard-won against the nation＇s massive economic aggregate output of 63.6 trillion yuan （S10.4 trillion）.展开更多
文摘Artists of Gansu Dance Troupe visited the Latvian capital to present Chinse New Year's show to audienee at the Great Guild Hall in Riga Old Town on January 26.
文摘The Zimbabwean financial sector has been retrogressive,constrained,and unpredictable since the year 2000,serving for the multiple currency periods(2009-2013)after the demonetization of the domestic dollar.The sector since then has seen a number of commercial banks fail to meet RBZ(Reserve Bank of Zimbabwe)minimum capital requirements,put under curatorship,delisted or liquidated because of a myriad of operational and financial challenges.The objective of this study is to make an assessment of whether or not the introduction of bond notes has been a curse or blessing.The study drew raw data from bank account holders,academics,general public,corporate world and commercial banks in Masvingo for analysis and interpretation.The study established that the majority of people,corporate world and commercial banks were sceptical to embrace the surrogate bond notes because of the uncertainties,operational and financial risks that they paused on the domestic financial markets.It was also discovered that most banks were quick to pay clients’withdrawals in bond notes,deduct US dollar equivalences from their accounts,and distinguish bond notes from US dollars at the point of making deposits and foreign business transactions.It was also realized that there was market indiscipline and trading in bigger US dollar notes in the informal sector and serious shortage of the same notes in the formal sector.The study concluded that the introduction of bond notes to trade parallel to the US dollar brought a serious shortage of cash on formal markets and increases in the general price level of goods and services.The study therefore recommends that the RBZ should completely withdraw the bond notes from the market to accord the US dollar its world market value and restore confidence and discipline in the Zimbabwean financial sector.The study also recommends another option of the adoption of the South African Rand as an interventionist way of solving Zimbabwe’s liquidity crises.
文摘CHINA＇S economy grew at a rate of 7.4 percent in 2014 amidst painstaking efforts to carry out structural reform, eliminate outdated production capacity and promote innovation. ＂China has surmounted tremendous pressures and challenges to realize its goal of maintaining a growth rate around 7.5 percent,＂ said Ma Jiantang, Commissioner of the National Bureau of Statistics （NBS）. noting that the growth rate was hard-won against the nation＇s massive economic aggregate output of 63.6 trillion yuan （S10.4 trillion）.
