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Mangudya Guarantees Financial Sector Stability During His 2nd Term

4 years agoSat, 11 May 2019 02:28:36 GMT
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Mangudya Guarantees Financial Sector Stability During His 2nd Term

Dr. John Mangudya, the Reserve Bank of Zimbabwe (RBZ) Governor revealed that he targets to contain money supply in his second and final term.

Mangudya acknowledged various challenges affecting economic growth. He told the ZBC News that measures he is taking will redirect the economy back to a growth trajectory.

He also dismissed allegations that he shares a mutually hostile relationship with Finance Minister, Mthuli Ncube. Mangudya also entreated Zimbabweans to be patient with the government as it undertakes various reforms.

During his first term, Dr. Mangudya pledged to resign if the Bond notes would fail. When the Bond note lost its value against the dollar, he argued that the bond had not failed, rather, there was inflation in the land.

There are some who have opposed the renewal of his contract.

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