John Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has dismissed claims by the International Monetary Fund (IMF) that the introduction of gold coins did nothing to ease inflation in the country.
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International Monetary Fund (IMF) has insisted that it will not allocate money to Zimbabwe without a clear path to comprehensive restructuring of external debt, "including the clearance of arrears; a reform plan that is consistent with…
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Former deputy prime minister Professor Arthur Mutambara has said the newly introduced gold coin is "a self-enrichment scheme for the elites" and will create an arbitrage opportunity
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The Reserve Bank of Zimbabwe (RBZ) has issued a controversial directive that reportedly violates Section 3 of the Gold Trade Act which criminalizes the possession and trade of gold. Analysts have argued that the move by the RBZ will…
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The Reserve Bank of Zimbabwe (RBZ) has removed an order by President Emmerson Mnangagwa suspending banks from lending local currency or foreign currency after the decree failed to arrest the skyrocketing inflation.
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Analysts have accused President Emmerson Mnangagwa’s administration of being "stubborn" noting its refusal to implement proposed measures to end the skyrocketing financial and economic crisis by economic stakeholders. This comes after…
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Zimbabwe’s largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no longer viable.
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After pursuing the moral suasion route on the issue of capitalisation, RBZ governor John Mangudya said in last week’s monetary policy statement (MPS) that shareholders would have to forgo dividends if their firms failed to meet the new…
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Zimbabwe now has the highest fuel prices in the Southern African Development Community compared to regional peers, which are charging significantly lower prices.
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Resurgent inflationary pressures came at a time when authorities had been successful in taming inflation from a post-dollarisation high of 837,5 percent in July last year to a two-year low of just over 50 percent in June this year.
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