CASH CRISIS (contd)
1) Between 2009 to 2012 the BOP position was worsening with the country importing more than it was exporting. USD Cash and Nostro was being spend in the process and the Cash Assets/Deposits ratio continued to worsen. @xolanee02
1) Between 2009 to 2012 the BOP position was worsening with the country importing more than it was exporting. USD Cash and Nostro was being spend in the process and the Cash Assets/Deposits ratio continued to worsen. @xolanee02
2) However here is our Question to every Zimbabwean:
Why is it that from 2014 to date the BOP position has been improving and yet there is no improvement in access to USD Cash or Nostro? Where are we putting the proceeds from Exports? @Busisa74
Why is it that from 2014 to date the BOP position has been improving and yet there is no improvement in access to USD Cash or Nostro? Where are we putting the proceeds from Exports? @Busisa74
3) If the information in the above figure be True, it leads us to conclude that Zim has enough supply of foreign currency to at least meet its basic liquidity requirements. However what is lacking is CONFIDENCE or the ALLOCATION of forex is not efficient! @BrezhMalaba
4) If with a -ve Balance of payment(BOP) of ($3.4b) the country would meet ALL its Cash Notes +Nostro requirements at Call, why wld we fail to supply the same when the BOP has improved to ($1.8b)? There is a leakage somewhere and we ought to confront it headon @GGuvamatanga
