Mangudya expected to address cash shortage as he delivers monetary policy on Monday 13 February 2017

Reserve Bank of Zimbabwe governor, Dr John Mangudya confirmed to The Chronicle that he will deliver the monetary policy on Monday 13 February 2017.

The monetary policy is expected to address the persistent cash shortage and respond to industry’s concern over the depleting nostro reserves which are a threat to productivity as companies battle to get foreign currency to pay for their raw materials on time. He is also expected to address the impact of bond notes since their introduction. Rates for mobile money transactions such as Ecocash are also expected to be dealt with as they were not reviewed when bank charges were reviewed downwards.

The issue of visa cards is also expected to feature in the monetary policy.