ZIMDOLLAR STABILITY, MY PRIORITY, SAYS MANGUDYA
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says
he is doing everything in his power to maintain a four-month stretch of
exchange rate stability achieved since the introduction of the foreign currency
auction system in June.
The auction syst…
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says
he is doing everything in his power to maintain a four-month stretch of
exchange rate stability achieved since the introduction of the foreign currency
auction system in June.
The auction system kicked off after a defenceless local
unit depreciated at a frightening scale against major currencies following its
introduction in 2019.
Its