Home Business Informal Transactions Weakening Banks

Informal Transactions Weakening Banks

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By Nomalanga Zimvu

Economic analysts say transactions happening in the informal sector have limited benefits to the economy as banks operate on deposits which helps them to borrow for the industry to grow.

In an interview with Great Dyke news’, Economist Reginald Shoko said taking a significant amount of money outside the banks weakens the banks.

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