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Mangudya to present monetary statement
31 Jan 2019 at 10:20hrs | Views
The governor of the RBZ, John Mangudya whose first term of office ends this April is expected to present his Monetary Policy Statement (MPS) against the backdrop of rising inflation a curremcy dilemma, a yawning trade deficit, questionable exchange controls and waning confidence in the banking system.
Just like predecessor Gideon Gono during the era of hyperinflation, Mangudya has in recent months received an avalanche of brickbars as the economy underperforms.
Meanwhile, Zimbabwe is considering pegging its mooted new currency- which Finance Minister Mthuli Ncube says will be introduced this year against the SA rand.
The move which is apparently one of several proposals on the table that the authorities are considering seriously would please local industry to no-end should it see the light of day- as manufacturers have consistently agitated for the adoption of rand as Zimbabwe's interim trading currency.
Just like predecessor Gideon Gono during the era of hyperinflation, Mangudya has in recent months received an avalanche of brickbars as the economy underperforms.
Meanwhile, Zimbabwe is considering pegging its mooted new currency- which Finance Minister Mthuli Ncube says will be introduced this year against the SA rand.
The move which is apparently one of several proposals on the table that the authorities are considering seriously would please local industry to no-end should it see the light of day- as manufacturers have consistently agitated for the adoption of rand as Zimbabwe's interim trading currency.
Source - Business Times
