RBZ governor speaks on currency crisis 

Source: RBZ governor speaks on currency crisis – The Standard

BY SHAME MAKOSHORI

RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya will tomorrow give a frank assessment of the bond notes and coins — the currency that he introduced after his appointment in 2014, and will tell Zimbabweans why he backtracked on his undertaking to resign.

In his exclusive interview with one of Zimbabwe’s most followed television programmes, In Conversation With Trevor, the central bank chief opens up beyond expectation, pouring his heart about economics, banking and the politics behind everything.

Mangudya told his host, Alpha Media Holdings Limited chairman, Trevor Ncube, “everything will come to pass” as he looked into the future.

“I said if bond notes don’t work I will resign,” Mangudya said in the show that premiers at 0700hrs tomorrow.

“As far as I am concerned, they worked very well.”

He spoke exclusively about life at the helm of the banking system in a volatile climate, telling his host how rioting prices were giving him ‘sleepless nights’. The man at the centre of coordinated efforts to bring sanity to prolonged market jitters is also concerned about exchange rate volatilities.

For many people, Zimbabwe’s prolonged economic crisis may continue for some time, but the central bank chief sees things differently.

“I am smelling victory,” he told Ncube.

COMMENTS

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    Ndebele 2 months ago

    This is Gonogate II – printing only for Zanu to steal the value of Diaspora remittances. It all started a long time ago when they came out with the Bond Coins. A complete Zanu Rort – and Mthuli and Trevor are supporting it. This is Rort 2 to screw over the people who want to save money. Eddie Cross fully supports this Rort as well.