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A banking crisis is a financial crisis that affects banking activity. Banking crises include bank runs, which affect single banks; banking panics, which affect many banks; and systemic banking crises, in which a country experiences many defaults and financial institutions and corporations face great difficulties repaying contracts. [1]
The Central Bank of Lesotho (Sotho: Banka e Kholo ea Lesotho) is the central bank of Lesotho, in southern Africa. The bank is located in Maseru and its current governor is Dr. Emmanuel Letete (effective from June 2022). The bank was established in 1978 as the Lesotho Monetary Authority. [2]
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a monetary union. The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the rand with the pula in 1976 as a means of establishing an independent monetary policy. The CMA facilitates trade and promotes ...
When ranked by score, Lesotho ranked 83rd among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [6] For comparison with worldwide scores, the best score was 90 (ranked 1), the average score was 43, and the worst score was 11 (ranked 180). [ 7 ]
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