The Role of the Financial Sector in Zimbabwe, Central Banking and its Social and Economic Impacts’

discussions on the role of monetary institutions as part of an ongoing engagement on economic and public policy advocacy.

Introduction

There has been increased call for a greater attention to the development of financial systems in many countries all over the world. The financial sector is well known for its purpose of allocating savings, from surplus units to deficit units. One can have plenty of resources (cash or wealth), but is not prepared to use or consume in the current period but later in the future. And on the other hand an economic agent may need funds for a specific purpose currently but due to some reasons have no adequate funds. So