When you go and open your TELEVISION, every information channel talks concerning the “financial meltdown” that is occurring around the world. Subsequently the Registrar of Banks in the Ministry of Finance, in liaison with the RBZ, began issuing licences to new players because the monetary sector opened up. From the mid-Nineteen Nineties up to December 2003, there was a flurry of entrepreneurial activity within the monetary sector as indigenous owned banks have been arrange. The graph below depicts the development within the numbers of economic institutions by category, working since 1994.
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