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.

Mangudya has consistently argued that the bond note should trade at par with the US dollar.

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John MangudyaMthuli Ncube

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

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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