Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is set to appear before Parliament’s Public Accounts committee.
Mangudya is expected to explain several monetary issues as Parliament resumes sitting this week after taking a two-week break. He has been invited to explain the operations of Zimbabwe Asset Management Company, special purpose vehicle created by Government to house non-performing loans from banks. Zamco was formed in 2015 with a 10-year mandate to rid the banking sector of all non-performing loans after which the special purpose vehicle is anticipated to wind down its operations.
According to a schedule from Parliament, other issues that Mangudya has been asked to explain related to RBZ debts and Government overdraft facility with the central bank. The meeting will also cover bond notes and coins.
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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