Gideon Gono
Gideon Gono
Gideon Gonowas the Governor of the Reserve Bank of Zimbabwefrom 2003 to 2013 and is the former CEO of the Jewel Bank, formerly known as the Commercial Bank of Zimbabwe...
level yields
I want to deplore our level of yields which is very low, pathetically low,
meant modest payment respect sincerity
This is a modest payment meant to demonstrate our sincerity with respect to our international obligations,
country following free funds payment positive response turnaround
This payment has been made following a positive response from some of our exporters and holders of free funds in response to some of the turnaround initiatives that the country is implementing.
allow areas bank exchange farming foreign invaded invested people precious reasoning reserve reverse schemes using
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.
invasion should
The invasions are totally unacceptable and should be stopped forthwith by whoever is doing it,
initiative rate policy
Positive response from some of our exporters and holders of free funds in response to some of the turnaround initiatives ... in particular the favourable exchange rate policies.
luxury car abuse
Those who want luxury cars should buy them at market rates and not ... abuse public funds.
moving land agriculture
I cite a good example, say, of agriculture, .. In agriculture we need to move with speed to bring to full utilization the land that is now in our possession. We need to curb aspects of corruption that are endemic in the economy. We need to be transparent in everything that we do. We need to be consistent in implementing the policies we would have agreed. And not implement policies one day and reverse them the other day.
adversity dawn underestimate
This is the darkest hour before dawn and we should never underestimate monetary authorities' ability to deal with the adversity.
textbooks imf world
I found myself doing extraordinary things that arent in the textbooks. Then the IMF asked the U.S. to please print money. The whole world is now practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me.
aspects bring cite consistent corruption curb endemic full good implement land move policies reverse speed
I cite a good example, say, of agriculture, ... In agriculture we need to move with speed to bring to full utilization the land that is now in our possession. We need to curb aspects of corruption that are endemic in the economy. We need to be transparent in everything that we do. We need to be consistent in implementing the policies we would have agreed. And not implement policies one day and reverse them the other day.
address boldly cliff country downhill edge forward move speed standing threatens
The country is ... standing on the edge of a cliff which threatens to irreversibly take us downhill if we do not boldly move forward with speed to address most of our shortcomings.