Reserve Bank of Zimbabwe exporting demonetized bearer notes despite public denial by Mangudya
Eleven days ago Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya published a statement claiming the bank was not involved in the distribution or trading of the demonetized Zimdollar bearer notes last used ten years ago in the hyper-inflationary era of December 2008.
Nehanda Radio however has in its possession documents proving that the central bank under Mangudya’s watch and authorization has been exporting these Zimdollar bearer notes and dealing in them. This immediately begs the question why Mangudya would deny something the bank is doing?