Zimbabwe has lost saving culture

October 31 of each year is celebrated as World Savings Day. The day was set on October 31, 1924, during the first International Savings Bank Congress (World Society of Savings Banks) in Milano, Italy at the instance of an Italian professor, Filippo Ravizza, who first declared the day the “International Savings Day” on the last day of the Thrift Congress.

According to the congress resolutions, the day was to be devoted to the promotion of savings all over the world.

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