[quote=Cde Monomotapa][quote=Cde Monomotapa]Meanwhile in Zim:
#155. MPS - 2014 "In this regard, we wish to advise exporters and the general transacting public that in addition to opening of accounts denominated in Botswana Pula, British Sterling Pound, Euro, South African Rand, United States Dollar, individuals and corporates can also open accounts denominated in the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen (JPY)."
[Agro-Mineral Export base + Tourism to reckon with]
Zimbabwe's Central Bank adopts the Yuan among 3 other Asian currencies
http://www.youtube.com/watch?v=PAgDaAtYWCQ[/quote]
Super Official..
Afreximbank tackles Zimbabwe’s financial sector liquidity challenges with new facility for trade finance banks
http://afreximbank.com/a...sfinancialsectorli.aspx
A rejoinder on 'looking good on paper' as per the video, is that Zim despite its previous woes its financial & capital market infrastructure is pretty much still intact.
The bankers there understand what to do with the grease (liquidity) and resumption of the interbank market.
PS: As Nigeria’s Finance Minister Ngozi Okonjo-Iweala told this year’s World Economic Forum on Africa (2013): "We focus on FDI all the time. How about AIA — Africans investing in Africa." Cross-border African investment is set to accelerate as local firms seek new markets...
http://www.bdlive.co.za/...ans-investing-in-africa
No Zero-sum game here, no sir!
http://source.co.zw/2014...build-bullion-reserves/[/quote]
OK. Keynesian in the house..
Mangudya new RBZ boss
“Dr Mangudya is a Keynesian economist who believes in discretionary fiscal and monetary policies and in the rational expectations hypothesis.”
He began his career in 1986 as an economist with the Reserve Bank until 1996 when he joined the African Export-Import Bank (Afreximbank) as regional manager in charge of Southern Africa.
http://www.sundaymail.co...Itemid=130#.Uy5euO_IuSp
ION, Re-cap: Zimbabwe gets $100m Afrexim bank loan
http://www.arabnews.com/news/544311
Next Attraction: The government has taken over the central bank's $1.35 billion debt and is seeking up to $200 million to capitalize the bank.
Zimbabwe cuts mining fees as it seeks precious metal, energy boost - See more at:
http://source.co.zw/2014...h.WtGcUiMI.NecHszqX.dpuf