RESERVE Bank governor Dr John Mangudya

Uproar On Bond Notes to Is Simply Political Disunity Among Zimbabweans-Ex-Governor (RBZ) Gideon Gono

Posted on June 13, 2016June 13, 2016 by newzimbabwevision

FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has broken his silence on the recent decision by his successor, John Mangudya to introduce bond notes into the economy.Gono left his job at the expiry of a turbulent 10-year tenure in 2013, after presiding over a record-breaking inflationary era widely blamed on his quasi-fiscal operations as central bank chief. During the period, Gono printed bearer cheques in a bid to contain a revolting economy, a…

As The Rest Of Zimbabwe Reels With Bank Queues There Is No Cash Crisis In Victoria Falls

Posted on May 27, 2016 by newzimbabwevision

VICTORIA FALLS – At a time when most major towns in the country are battling cash shortages, Zimbabweans coming into Victoria Falls are obviously surprised by the flawless cash situation in this resort town . There are no cash shortages and no long queues for customers intending to withdraw their money. The supermarkets and shops have working point of sale (POS) facilities, and these machines are limitlessly dolling out cash. People living here said they…

Mugabe’s Nephew, Zhuwao, Admits ‘ I Misinterpreted Indigenisation Act’

Posted on April 23, 2016April 23, 2016 by newzimbabwevision

Youth, Indigenisation and Economic Empowerment Minister Patrick Zhuwao yesterday admitted to bungling on the Indigenisation and Economic Empowerment (IEE) Act, saying he could have misinterpreted certain issues.Minister Zhuwao said President Mugabe’s interpretation of the Act was “perfect” and final. He made the admission of error at a Press conference at his office after the launch of Zimbabwe Youth Empowerment Investment Committees’ Zero Draft Overview. “I am appointed by the President and as l take directions, it…

Reserve Bank Of Zimbabwe Governor Dr John Mangudya Denies Yuan Claims

Posted on December 29, 2015December 29, 2015 by newzimbabwevision

RESERVE Bank governor Dr John Mangudya has urged the banking public to ignore messages circulating on social media platforms claiming the multi-currency system will be abolished. Last week, a message claimed Cabinet and Parliament had approved the return of the Zim dollar while yesterday, another message claimed the US dollar accounts will be converted to yuan. Below is the statement in full: ATTENTION ATTENTION All caring Zimbabweans should go to the bank early Monday, 29th…