One of many indicators of recessions is the increase in the variety of international and huge companies that decided to shut or to go out of enterprise. Subsequently the Registrar of Banks within the Ministry of Finance, in liaison with the RBZ, began issuing licences to new gamers as the monetary sector opened up. From the mid-Nineties as much as December 2003, there was a flurry of entrepreneurial exercise in the monetary sector as indigenous owned banks were arrange. The graph below depicts the pattern in the numbers of economic institutions by class, working since 1994.
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