Mangudya To Present Monetary Policy Statement On Wednesday

The Reserve Bank of Zimbabwe governor John Mangudya will present the Monetary Policy Statement (MPS) on Wednesday, 1430 hours. The Statement is likely to set out a roadmap to a new Zimbabwe currency.

This comes when there are reports that the MPS was delayed due to squabbles between Mangudya and Finance Minister Mthuli Ncube.

The disagreements centre around Mangudya’s plans to revive the now-defunct Zimbabwean dollar while Ncube considers the floating of the surrogate currency as the panacea to the country’s challenges in the long term.