If Mangudya Continues What He Is Doing Exchange Rate Will Settle At 1: 20 – Former Finance Minister

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Former Deputy Minister of Finance Terence Mukupe has claimed that according to his own models, the exchange rate for the Bond Note to the United States Dollar will settle at 1:20 Reserve Bank of Zimbabwe (RBZ) governor John Mangudya continues his policies. Mukupe said that he is using a stochastic model. Stochastic refers to a “distribution or pattern that may be analysed statistically but may not be predicted precisely.”

Writing on Twitter, Mukupe said,

My stochastic models are showing that the rate of equilibrium for the bond note if Mangudya continues on his current trajectory will settle at 1:20…

The exchange rate for the United States Dollar to the bond notes has been fluctuating on the parallel market although the USD has made massive gains against the bond notes following policy announcements by finance minister Mthulu Ncube and RBZ governor John Mangudya.

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2 comments

  1. godfrey chikowore Reply

    Yes its true ….but the debate goes beyond exchange rate. There is need to think seriously about industrialization of Zimbabwe to have a strong currency regardless of its name $; Rand, Pula, Rouble, Nehanda, Lobengula… The 1980 and 2010 development models are testimony of how a peoples’ economy is run credibly in a heavily contested global village. Remember Zimbabwe belongs to all who want peace, honest fruits of labour, people who are not greedy and selfish but who yearn to be also Zimbabwean stalwarts in a contested global village.

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