Browsing Tag

Dr John Mangudya

Bond notes now at $102m

By Happiness Zengeni The Reserve Bank of Zimbabwe has said bond notes in circulation have increased to $102 million as the central bank continues to pay out the Afreximbank-backed $200 million export incentive. In an interview with The…

Mugabe backs rand adoption

By Tendai Kamhungira President Robert Mugabe has backed Zimbabwe’s adoption of the South African rand as its main currency. After ditching a worthless Zimbabwe dollar in 2009, the country has been using several currencies — United States…

Bond coins are necessary: Mangudya

HARARE - The introduction of bond coins was a “confidence-building measure” after the hyper-inflationary and pre-dollarisation era’s “financial trauma”, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.

Mugabe appoints new central bank boss

President Mugabe has appointed economist and former CBZ chief executive officer Dr John Mangudya as the new Governor of the Reserve Bank of Zimbabwe. The appointment is effective May 1, running for the next five years.