RBZ Speaks On Introduction Of New Currency, Says Zimbabwe Shall Continue To Use Multicurrency System

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Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya has issued a statement dismissing a public notice circulating on social media stating that the central bank intends to introduce a new currency on August 30.

Mangudya urged the public to dismiss the notice saying Zimbabwe “shall continue to use the multicurrency system.” He also urged the public to depoliticize monetary and financial issues. Below is the full statement by Mangudya:


The Reserve Bank of Zimbabwe (the “Bank”) would like to urge members of the public to dismiss, with utmost contempt, the fake article being circulated on social media regarding the introduction of a new currency. The country shall continue to use the multicurrency system as evidenced by the continuous significant disbursement of foreign currency cash in the market.

The Bank would also like to urge members of the public to desist from abusing social media in circulating fake messages that are designed to manipulate parallel market foreign currency rates. Such counterproductive messages are being done with bad intentions to destabilize the economy as they cause alarm and despondency. The Bank would like to kindly request the public to depoliticize monetary and financial issues.

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John MangudyaReserve 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

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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  1. Chaporonga Reply

    We are now used to this political gimmicks, there are only there to cause panic such that people will vote against ED. ED pfeee

    • Bondorofi Reply

      PFEE for sure ! Our new president is a Hero ! together with our beloved Generals , Chiwenga Pfee ! Viva Zanu asi Bob ummm maya !

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