Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has pleaded with citizens for their patience to allow recent fiscal measures to take effect.
Mangudya was appearing before the Parliamentary Committee on Budget and Finance on Monday, alongside Finance Minister Mthuli Ncube and permanent secretary in the Ministry, George Guvamatanga. Said Mangudya:
Be patient. Let us give these measures some time. The situation has improved as compared to the old system.
Mangudya further blamed social media for spreading malicious information. He added:
Some people want to spread malicious information so do not confuse indiscipline with communication.
Social media in this country is full of lies. To what extent should we continue to have this.
Who is Zimbollar site? It is the invisible hand behind the indiscipline and it is the one we are dealing with right now.
The problem with Zimbabweans is that they spend more time asking for a strong currency instead of focusing on production.
Mangudya was last week accused of corruption and sabotaging the economy by the ZANU PF Youth League. He has demanded $1 000 000 from the youths in defamation compensation.
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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