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April 4, 2023
MASERU – THE Covid-19 pandemic, reckless borrowing and conspicuous consumption have left thousands of workers drowning in debt, says the Central Bank of Lesotho (CBL). The CBL called an indaba last week to discuss Lesotho’s household indebtedness, which it said had reached alarming levels. The bank said some families are continually trapped in debt and […]
February 1, 2023
The Central Bank of Lesotho in its 99th Monetary Policy Committee has resolved to revise downwards the Current Net international Reserve Target Flow of 650 million to 640 million US Dollars.
July 19, 2022
Bereng Mpaki FINANCIAL institutions can now vet their clients’ credit worthiness before approving their loan applications to stem the high levels of indebtedness. This after the launch of the Financial Consumer Protection Act, 2022 this week. It was enacted last month. Speaking during the launch, Central Bank of Lesotho (CBL) Governor, Maluke Letete, said