Zimbabwe News and Internet Radio

Gono says goodbye to RBZ staff

After 10 controversial years at the helm of the Reserve Bank of Zimbabwe, Dr Gideon Gono on Friday stepped down and said goodbye to staff at the central bank. 

Reserve Bank of Zimbabwe governor Gideon Gono with workers retrenched by the bank
Reserve Bank of Zimbabwe governor Gideon Gono with workers retrenched by the bank (file photo)

Gono who is not sure whether he will be given another term in office told staff members that his deputies Charity Dhliwayo and Khupukile Mlambo will act as governor until a substantive candidate is found.

“Charity Dhliwayo will be the first of the two to Act as Governor for the period 1 December 2013 to 28 February 2014 and Dr K. Mlambo to also Act for three months after, before reverting back to Dr Dhliwayo if no decision is made before then,” he said.

“The fact of the matter is that I leave these premises today (yesterday) after 120 months of continuous occupation and it is a long time indeed. Even the Law recognizes that this is a lengthy period and says one must leave to give way to a new occupant!” Gono added.

Gono’s legacy will not doubt be the printing of money to fund quasi-fiscal activities that propped up ZANU PF. This was one of the many factors that fuelled hyper-inflation and the collapse of the Zimbabwean economy.