Act on economy, stop wishing and praying, Mangudya told

By Nkanyiso Ncube Shurugwi South legislator Edmond Mkaratigwa has told Reserve Bank governor John Mangudya to act on the economy by introducing meaningful measures and stop wishing and praying for inflation to go down. According to Mkaratigwa, all he is hearing from the RBZ boss were wishes and prayers which he said will not inspire …

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New Currency/Notes: Who should we believe, Mangudya or Mthuli?

By Staff Reporter Zimbabweans find themselves at crossroads, unsure whether to believe Reserve Bank of Zimbabwe Governor John Mangudya or Finance Minister Mthuli Ncube on the currency issue. Mangudya had told the media at a press conference that the country will be introducing a new currency that will circulate alongside the Bond Notes, however, his …

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RBZ Falls Deeper Into A Crisis of Confidence

By Mufaro Three years ago Mnangagwa assured “business and the general populace that bond notes are not going to replace the multi-currency basket”. Fast forward to today, trading in any other currency outside the bond note and RTGS is now illegal in Zimbabwe through Statutory Instrument 142 of 2019. RBZ’s policy interventions this week have sent …

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Kudos to RBZ On Cyber Security Drive, But….

By Tafadzwa Muranganwa The recent monetary policy by the Reserve Bank of Zimbabwe (RBZ) acknowledged cyber security risks the country faces and encouraged financial institutions to take pre-cautionary measures to deal with the phenomenon but a lot remains to be done. The institutions said it is, ‘aware that cyber risks will keep changing due to …

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