Gideon Gono Quotes

Some people in the farming areas have invested in irrigation schemes using foreign exchange to import infrastructure using Reserve Bank money, and yet for some reverse reasoning we allow these precious investments to be invaded and destroyed.

- Gideon Gono

Tags

People | Farming | Areas | Invested | Irrigation |

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Some people in the farming areas have invested in irrigation schemes using foreign exchange to import infrastructure using Reserve Bank money, and yet for some reverse reasoning we allow these precious investments to be invaded and destroyed. - Gideon Gono

Guided by the ongoing consultations the Reserve Bank is carrying out with all stakeholders concerned, as well as strong representations by the banking industry, it has become necessary that we suspend indefinitely the introduction of this proposed measure. - Gideon Gono

With immediate effect, therefore, the retention period has been reduced from the current 45 days to 30 days (one full month). - Gideon Gono