Browsing: Reserve Bank of Zimbabwe

After the latest Reserve Bank of Zimbabwe Monetary Policy Statement, Pardon Gambakwe explains that there are problems in the way the Reserve Bank of Zimbabwe Operates : Lack of a clear strategy, assuming everything will stay the same, not focusing on employment creation. The first step in fixing the problems at the Reserve Bank of Zimbabwe is for John Mangudya to step down.

The reserve bank of Zimbabwe plans to import new coins with similar value to those currently circulating in the economy to ease a shortage of change in the economy. The country adopted a multi-currency regime in 2009 and now uses a basket of nine currencies as legal tender. CCTV’s Farai Mwakutuya reports