Zim banks slated

ZIMBABWE Reserve Bank governor Gideon Gono has slammed local banks for allegedly holding on to millions of US dollars, the Herald reported yesterday.

ZIMBABWE Reserve Bank governor Gideon Gono has slammed local banks for allegedly holding on to millions of US dollars, the Herald reported yesterday.

The money was intended to be used for loans to credible businesses, the newspaper said. Some banks were sitting on $600 million, with some banks having lent only $2 million (R1m). - Sapa

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