In an interview with The Herald, Cross-Border Traders’ Association president Killer Zivhu appealed to Reserve Bank of Zimbabwe Governor Dr John Mangudya to avail South African rands to its members to enable them to import goods.
He said if they obtaining foreign currency on the parallel market it will resulted in high prices. Said Zivhu:
Obtaining foreign currency on the parallel market has led to the creation of a vicious circle of high prices for the basic goods. An intervention by the authorities will ensure that the basic goods are available at affordable prices.
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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