Mangudya should keep his word and resign over bond notes failure: Civil society

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Civil society organisations have demanded that Reserve Bank of Zimbabwe Governor John Mangudya should resign like he promised when he advocated for bond notes. Mangudya promised that he would resign if bond notes failed and the civil groups contend that the bond notes have failed.

The spokesperson for the organisations, Pastor Evan Mawarire of This Flag Movement said:

In essence, the government has succeeded in taking our money as citizens

The Honorable governor of the Reserve Bank is on record committing to us during a citizens’ meeting that he would resign if the bond notes failed.

Bond notes have completely failed. We challenge the governor of the Reserve Bank to honour his word and resign as he promised to do in the event of failure.

More: New Zimbabwe

 

Bond NotesJohn MangudyaReserve Bank of Zimbabwe

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

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