Zimbabwe: Time to Restore Trust in Banking Sector

18 December 2013
editorial

THE country has once more been witness to another banking crisis common with this time of the year. Queues at selected banks have resurfaced and on Monday we saw the ugly side of this at Allied Bank where a depositor, who by right deserved to get his money when he needed it, ran amok triggering an ugly scene.

The biggest question to ask is why, when the sector knows this has been the same story line since dollarisation, is this being allowed to happen. Has the Reserve Bank of Zimbabwe not learnt anything through overseeing each year of crisis?

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