Mangudya told to stick to RBZ mandate

Economists says newly appointed RBZ governor John Mangudya must stick to the central bank's advisory role to government and regulation of the financial sector.

They say apart from facing a tall order in bringing stability and restoring confidence in the banking sector amid a biting liquidity crisis, he may encounter government interference particularly in policy formulation and implementation.

Mangudya took over from Gono whose ten year tenure expired four months ago.

Takunda Mugaga, an economist says he should avoid a professional bomb which Gono committed by naively expecting to turn around the economy.

Tony Hawkins said Mangudya would face limitations in terms of regulations because Zimbabwe doesn't have its own currency.