Central Bank Governor John Mangudya Blames Zimbabweans For Not Listening To Him

Zimbabweans are are struggling to use the fallen South African Rand in transactions to  pay  pay for goods and services rendered because the rand is facing rejection by business such as public transport and shops..

The Central Bank Governor John Mangudya feels vindicated by this development and claims that Zimbabweans have only themselves to blame as the South African rand has weakened  against the US dollar.

He argues that the  Central bank  warned  the nation about the pending crisis with respect to the rand and called for the people of  Zimbabwe  to switch to the Reserve Bank of Zimbabwe supply of  bond coins for use but people did not listen. so its their fault now that they find themselves  stuck with the weak South African whose value.

The reserve bank of Zimbabwe (RBZ) produced  bond coins were issued in December 2014 but met with public resistance as people felt this was a suspicious government scheme to reintroduce the Zimbabwe  dollar which resulted in many losing their hard earned money.

The RBZ bond coins have the same value as the US dollar but can only be used in Zimbabwe, and are the preferred currency of trade across business as opposed to the struggling South African Rand and Southern African region currencies.

This is truly one of a few and far apart moments when the Zanu PF regime can gloat over a policy implementation exercise they have delivered to the people. It is most unfortunate that the Central Bank Governor ‘John Mangudya’ is actually using the moment to literally laugh  in the face of suffering Zimbabweans, as if that makes up for all the RBZ failures and contributions to the collapse of the Zimbabwe dollar  along with the people losing their hard earned life savings.   by Sibusiso Ngwenya

The Reserve Bank Of Zimbabwe (RBZ) Head quarters in harare