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Dr John Mangudya

Full Text: RBZ responds to ‘unscreened’ Al Jazeera documentary exposing ‘Gold Mafia’

FULL TEXT of Statement issued by Reserve Bank of Zimbabwe (RBZ) governor, Dr John P Mangudya

“The Reserve Bank of Zimbabwe (the Bank) is concerned and disturbed by sensationally wild, false and malicious media reports, carried in snippets of an unscreened Al Jazeera documentary, produced by the network’s Investigative Unit, purveying the impression that the Bank is “Southern Africa’s laundromat” or “Southern Africa’s laundry service” for an alleged African gold mafia involved in illicit gold dealings, corruption and money laundering.”

Mar 07, 2023 Read more

Toby Sithole: Zimbabweans must desist from negativity before it spreads like a disease

By Toby Sithole

Last week, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, announced the introduction of a foreign exchange auction trading system with effect from June 23, 2020, which effectively means the abandonment of the fixed exchange rate regime, adopted three months ago.

Oh no! The statement was met with so much negativity from doomsayers who could not even acknowledge the fact that the auction system was a step in the right direction considering that the fixed exchange rate regime, though relevant at the time of its introduction, had become obsolete.

Jun 20, 2020 Read more

New banknotes imminent

The Reserve Bank of Zimbabwe (RBZ) will in the next few weeks introduce a new set of higher denomination banknotes to increase physical money supply and curb cash shortages.

May 10, 2020 Read more

Mangudya hints at weakening of new currency

Zimbabwe’s central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggesting the local unit will be devalued further.

Mar 11, 2019 Read more

US dollar black market rate soars

HARARE- A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up food prices.

Jun 28, 2018 Read more

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 Herald Business, RBZ governor Dr John Mangudya said the bond notes together with bond coins account for […]

Mar 17, 2017 Read more

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 (US) dollar, yuan and the rand, among other — along with the recently introduced bond notes, a currency […]

Feb 23, 2017 Read more