I don’t have the power to stop bond notes trading on the black market: Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has admitted that he is powerless to stop bond notes from trading on the black market. Instead, he passed the buck to the police.

The Reserve Bank is not an arresting entity, it is a regulator. You should ask the same questions to the people who are responsible for that area.

RBZ is not an arresting entity and we don’t have those arresting powers. That question should be directed to the people in charge of law and order otherwise you are empowering me too much.

I have got my limits and my limitations and one of the limits is that I don’t go that far

More: The Standard

John MangudyaBond NotesReserve Bank of Zimbabwe

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

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

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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