John Mangudya

Last updated on 2017-10-05T10:05+0300.

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John Mangudya said : “So with the spread narrowing, we are very pleased with that,” External link

herald Wednesday, July 29, 2020 3:06:00 AM EAT

John Mangudya said ( about John Mangudya ) : “What I am aware of around 4pm, yesterday thereabout, I was phoned about his condition then I immediately phoned the deputy minister of Health and Child Care Dr Magwiro (John Chamunorwa Mangwiro ) who was good enough to give his number so I then gave his number to his (Mataruka) wife,” “They spoke thereafter but what I heard this morning was that he (Mataruka) had passed on at Parirenyatwa. I don’t know full details but what I do know is that he did get to Parirenyatwa yesterday and I saw a message to say that he was at Parirenyatwa. But, this morning, he passed on” External link

newsday Tuesday, July 28, 2020 3:27:00 AM EAT

John Mangudya said : “But we want to see all business entities exercising self-discipline; because you cannot come to the auction and buy (forex) at $70 to US$1 and benefit from exchange gain by charging higher prices,” External link

herald Thursday, July 23, 2020 2:04:00 AM EAT

John Mangudya asked : "What then is chasing the US dollar when Zimbabwe dollars are lower than foreign currency?" External link

bulawayo24 Sunday, July 19, 2020 12:05:00 PM EAT

John Mangudya said : “We have seen that there has been a curve that is going downwards and the rate is flattening at that level,” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya asked : “What then is chasing the US dollar when Zimbabwe dollars are lower than foreign currency?” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya said : “Maybe if they so wish, they can index to the auction rate but not to ask payments to be made in US dollars,” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya added : "To ensure seamless integration, all money transfer providers must complete the necessary installation or deployment or commissioning of infrastructure connection protocols, credentials and documentation for connection to Zimswitch by no later than August 15 2020," External link

allafrica Monday, July 13, 2020 3:18:00 AM EAT

John Mangudya said : “Following the government press release on the suspension of monetary transactions on mobile-based money platforms (One Money, MyCash, Ecocash and Telecash) dated 26 June 2020, the Reserve Bank of Zimbabwe wishes to advise the public as follows: All mobile money agents are suspended from facilitating mobile financial transactions with immediate effect,” “All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities (water, power and airtime), which have been limited up to ZW$5 000 per day for the convenience of the transacting public” External link

thestandard-zw Saturday, July 4, 2020 5:11:00 AM EAT

John Mangudya said : “Following the government press release on the suspension of monetary transactions on mobile-based money platforms (One Money, MyCash, Ecocash and Telecash) dated 26 June 2020, the Reserve Bank of Zimbabwe wishes to advise the public as follows: All mobile money agents are suspended from facilitating mobile financial transactions with immediate effect,” “All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities (water, power and airtime), which have been limited up to ZW$5 000 per day for the convenience of the transacting public” External link

thestandard-zw Sunday, June 28, 2020 9:29:00 AM EAT

John Mangudya said : "Following the Government press release of the suspension of monetary transactions on mobile money platforms, the RBZ wishes to advise the public that all mobile money agents are suspended from facilitating mobile financial transactions with immediate effect. All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities which have been limited up to $5 000 per day for the convenience of the transacting public," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya explained : "The value of any currency against another is dependent on several factors. These factors include the country's current account balance, level of money supply growth, level of inflation, level of interest rates, external debt as well as other non-economic factors. While the economic factors play a critical role in setting the exchange rate, in Zimbabwe the plethora of exchange rates cannot be explained by those factors. The exchange rates have been driven more by speculation and expectations which has resulted in forward pricing of goods and services," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya said : "The first thing is that we do not expect the exchange rate to continue to go up because there now is a formal market for foreign exchange," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya said : “Bona-fide transactions will be processed normally,” External link

thenational Sunday, June 28, 2020 7:24:00 AM EAT

John Mangudya said : “These unprecedented measures have been necessitated by the need to protect customers on mobile money platforms which have been abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy,” External link

thezimbabwemail Sunday, June 28, 2020 5:54:00 AM EAT

John Mangudya explained : “While the economic factors play a critical role in setting the exchange rate, in Zimbabwe the plethora of exchange rates cannot be explained by those factors. The exchange rates have been driven more by speculation and expectations which has resulted in forward pricing of goods and services,” External link

thezimbabwemail Sunday, June 28, 2020 5:54:00 AM EAT

John Mangudya said : “The first thing is that we do not expect the exchange rate to continue to go up because there now is a formal market for foreign exchange,” External link

thezimbabwemail Sunday, June 28, 2020 5:07:00 AM EAT

John Mangudya said : “These unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms which have been abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy” External link

insiderzim Saturday, June 27, 2020 8:26:00 PM EAT

John Mangudya said : "Retailers are also accepting the bond notes that are being rejected because they are still a part of the country's legal tender, so they can also be utilised in the shops," External link

allafrica Saturday, June 27, 2020 9:27:00 AM EAT

John Mangudya said : “Any entity found participating in the auction for the sake of currency manipulation shall be disqualified from participating in the auction system. Entities with positive balances in their nostro accounts will be disqualified from participating in the auction system unless they provide justification,” External link

theindependent Monday, June 22, 2020 10:36:00 PM EAT

John Mangudya said : “There was no market. Let me put it this way, there was a false market. This country has a false market. Do you know what a false market is? A false market occurs when prices are manipulated and impacted by erroneous information” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

John Mangudya said ( about John Mangudya ) : “The success of any auction in the whole world is about its transparency, so we are going to be super transparent. Number two; there is a multiplicity of exchange rates in the market right? If you go to any shop some are using $45, $80 and some are even at $100 (to one United States dollar),” “Now, given that situation, Mangudya or any person cannot tell you that the rate should be $40 or $60 and, therefore, the only practical way of knowing is to have those people who are using those rates to come and purchase from the auction using their own rate” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

John Mangudya said : “What we are saying is very clear in that the auction market is going to receive bids starting Tuesday from an array of foreign currency users. After receiving the bids we will end up having an average rate that will be used for all official systems,” External link

zbc Sunday, June 21, 2020 1:04:00 PM EAT

John Mangudya said : "What we are saying is very clear in that the auction market is going to receive bids starting Tuesday from an array of foreign currency users. After receiving the bids we will end up having an average rate that will be used for all official systems," External link

bulawayo24 Sunday, June 21, 2020 10:44:00 AM EAT

John Mangudya said : "The interbank rate was not working because banks were not trading among themselves efficiently. The banks did not have the limits among themselves because of a number of reasons such as lack of will or geopolitical factors. We have a silo-type mentality in terms of interbank relationships. " External link

bulawayo24 Sunday, June 21, 2020 10:44:00 AM EAT

John Mangudya said : “A few transactions on the black market can easily push the parallel market rate. The official exchange rate remains at 25,” External link

herald Wednesday, June 17, 2020 7:22:00 AM EAT

John Mangudya said : "The committee also resolved to reinstate, with effect from 1 July 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market," External link

bulawayo24 Wednesday, June 10, 2020 10:18:00 AM EAT

John Mangudya said : “The committee also resolved to reinstate, with effect from 1 July 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market,” External link

herald Wednesday, June 10, 2020 2:22:00 AM EAT

John Mangudya added : “The committee also resolved to reinstate, with effect from July 1, 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market” External link

thezimbabwemail Tuesday, June 9, 2020 2:44:00 PM EAT

John Mangudya added : "The committee also resolved to reinstate, with effect from July 1, 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market" External link

bulawayo24 Tuesday, June 9, 2020 10:19:00 AM EAT

John Mangudya warned : “It is illegal to show off cash on social media. Members of the public risk being arrested,” External link

zimeye Monday, June 8, 2020 9:12:00 PM EAT

John Mangudya said : “Without evidence, I can only suspect that it is either the retailers or the oil manufacturing companies or both. There certainly is an invisible hand,” External link

dailynews-co-zw Friday, June 5, 2020 1:29:00 PM EAT

John Mangudya said : "We have come up with the number of initiatives to stop the persistent battering of the domestic currency by rent-seeking behaviour on the parallel market and some of the strategies include dealing with transactional limits and closely monitor agent lines," "We have dealt with those who abuse agent lines and banks; we shall deal with other platforms that continue to operate openly. Just give us time we will leave no stone unturned" External link

bulawayo24 Thursday, June 4, 2020 8:30:00 PM EAT

John Mangudya said : “The FIU had noticed that after freezing of mobile money agent accounts, ZIPIT became the alternative channel for illegal forex dealers,” External link

herald Friday, May 29, 2020 3:05:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’” External link

thezimbabwemail Thursday, May 28, 2020 6:51:00 PM EAT

John Mangudya said : “There’s a demon in this country causing economic instability,” External link

thezimbabwemail Thursday, May 28, 2020 6:51:00 PM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said : “There’s a demon in this country causing economic instability,” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said : "There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy," External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said ( about Oh God ) : "I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics'" External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said : "There's a demon in this country causing economic instability," External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said : "The challenge has been resolved. We have found a sustainable solution to manage the availability of cash to be used to purchase the gold," External link

allafrica Thursday, May 28, 2020 5:22:00 AM EAT

John Mangudya said : “FIU is working flat out to code trace the root causes behind the current parallel exchange rate hikes which have hit alarming levels,” External link

thezimbabwemail Tuesday, May 26, 2020 3:04:00 PM EAT

John Mangudya said : “what we are seeing on the streets are just symptoms of a challenge” External link

thezimbabwemail Sunday, May 24, 2020 4:55:00 AM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya added ( about Financial Intelligence Unit ) : “Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 because it is now an industry and we cannot catch it,” “We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya said : “It is not about policy missteps, it is behavioural economics killing this country” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya added ( about Financial Intelligence Unit ) : “Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 because it is now an industry and we cannot catch it,” “We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya said : “It is not about policy missteps, it is behavioural economics killing this country” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya said : “Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence,” External link

BFTOnline Thursday, May 21, 2020 3:29:00 PM EAT

John Mangudya said : “It is not about us hating the mobile platforms, but what happens there is more like Sodom and Gomorrah. You ask yourself what is happening and there is no clear answer. We are very concerned. It’s more like shadow banking and when that happens, it becomes a serious threat to the economy,” External link

dailynews-co-zw Thursday, May 21, 2020 1:00:00 PM EAT

John Mangudya said : "There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy," External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya added ( about Financial Intelligence Unit ) : "Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 be-cause it is now an industry and we cannot catch it," "We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work" External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya said : "It is not about policy missteps, it is behavioural economics killing this country" External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya said : "There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25," "The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators" External link

bulawayo24 Thursday, May 21, 2020 9:26:00 AM EAT

John Mangudya said : “There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25,” “The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators” External link

zimeye Thursday, May 21, 2020 8:25:00 AM EAT

John Mangudya said : “There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25,” “The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators” External link

herald Thursday, May 21, 2020 7:01:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

insiderzim Thursday, May 21, 2020 6:57:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

thezimbabwemail Wednesday, May 20, 2020 10:03:00 PM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

zimeye Wednesday, May 20, 2020 9:17:00 PM EAT

John Mangudya said : “The FIU has now referred the matter to the law enforcement authorities to carry out any further investigations and to deal with the wrongdoer(s) in terms of the law. Meanwhile, the bank would like to express its appreciation to the public for the cooperation in received on this matter,” External link

herald Tuesday, May 19, 2020 7:15:00 PM EAT

John Mangudya said : “Banks have been directed to ensure that the withdrawal limits are strictly observed. The (central) bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law,” External link

newsday Saturday, May 16, 2020 12:38:00 PM EAT

John Mangudya said : "The RBZ wishes to advise the public that the $10 and $20 bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020," External link

bulawayo24 Saturday, May 16, 2020 9:19:00 AM EAT

John Mangudya said : “The bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law,” External link

newsday Saturday, May 16, 2020 12:17:00 AM EAT

John Mangudya said : “The RBZ wishes to advise the public that the $10 and $20 dollar bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: -the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020,” “The features of the said banknotes will be publicised prior to circulation” External link

zimeye Friday, May 15, 2020 9:27:00 PM EAT

John Mangudya said : “The Bank also advises that it has revised withdrawal limits upwards from $300 per week to $1000 per week with effect from 19 May 2020,” External link

zimeye Friday, May 15, 2020 9:27:00 PM EAT

John Mangudya said : “The RBZ wishes to advise the public that the $10 and $20 dollar bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: -the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020,” “The features of the said banknotes will be publicised prior to circulation” External link

thezimbabwemail Friday, May 15, 2020 8:10:00 PM EAT

John Mangudya said : “The Bank also advises that it has revised withdrawal limits upwards from $300 per week to $1000 per week with effect from 19 May 2020,” External link

thezimbabwemail Friday, May 15, 2020 8:10:00 PM EAT

John Mangudya said : “As the central bank, we have imported the required amount of fuel but the fact that most people are still under lockdown and are restricted to movements; fuel consumption has gone down by 40% in the last month. As you can notice there are very few queues if not nothing at all as very few businesses are not operating at full throttle, as some staffers are still at lockdown,” External link

thezimbabwemail Thursday, May 14, 2020 6:42:00 PM EAT

John Mangudya said : "A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out," External link

allafrica Monday, May 11, 2020 4:39:00 PM EAT

John Mangudya said : "A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out," External link

bulawayo24 Monday, May 11, 2020 10:31:00 AM EAT

John Mangudya said : “A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out,” External link

herald Monday, May 11, 2020 1:50:00 AM EAT

John Mangudya said : “In effect, the delays allow a certain person, who was the subject matter of an investigation, to buy and sell foreign currency in the intervening period,” External link

dailynews-co-zw Sunday, May 10, 2020 2:00:00 PM EAT

John Mangudya said : “They are not even supposed to be dealing with such figures in any case,” External link

thestandard-zw Sunday, May 10, 2020 9:15:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe (RBZ) in collaboration with the Financial intelligence Unit of Zimbabwe (FIU) is keen to interview the man to establish the circumstances under which he came to be in possession of the cash," "The Bank is offering a financial reward to the first person who will provide information leading to the positive identification and location of the man in the video. The man is also called to come forward and present himself to the FIU to assist with investigations" External link

bulawayo24 Friday, May 8, 2020 2:40:00 AM EAT

John Mangudya added ( about Samora Machel ) : "Anyone with such information can contact Tichafa Chigaba on 0772 207 310 in strict confidence or in person to the FIU offices at 4th floor, Reserve Bank of Zimbabwe, 80 Samora Machel Avenue, Harare," External link

bulawayo24 Friday, May 8, 2020 2:40:00 AM EAT

John Mangudya said : "Members of the public must know that the RBZ will never hand over cash directly to anyone. Our clients are banks and I believe the investigations which are underway will expose the errant banks behind fuelling such activities," External link

allafrica Thursday, May 7, 2020 12:35:00 PM EAT

John Mangudya said : “If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information,” External link

zimeye Sunday, May 3, 2020 11:47:00 AM EAT

John Mangudya said : “Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars,” External link

zimeye Sunday, May 3, 2020 11:47:00 AM EAT

John Mangudya said : “They are not even supposed to be dealing with such figures in any case,” External link

thestandard-zw Sunday, May 3, 2020 9:48:00 AM EAT

John Mangudya said : “If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information,” External link

thezimbabwemail Thursday, April 30, 2020 5:36:00 PM EAT

John Mangudya said : “Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars,” External link

thezimbabwemail Thursday, April 30, 2020 5:36:00 PM EAT

John Mangudya said : "If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information," External link

bulawayo24 Thursday, April 30, 2020 2:21:00 PM EAT

John Mangudya said : "Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars," External link

bulawayo24 Thursday, April 30, 2020 2:21:00 PM EAT

John Mangudya said : “Applicants, through their authorised dealers, are therefore, required to comply with these guidelines to facilitate closure of the processing of applications under the blocked funds framework,” External link

newsday Tuesday, April 21, 2020 7:27:00 AM EAT

John Mangudya said : “The document should therefore be disregarded,” External link

dailynews-co-zw Saturday, April 18, 2020 8:01:00 PM EAT

John Mangudya added : “Accordingly, the Bank has suspended him, with immediate effect, and has commenced disciplinary proceedings against him,” External link

dailynews-co-zw Saturday, April 18, 2020 8:01:00 PM EAT

John Mangudya said : “The decision in respect of the extension of the above service is to allow for the receipt of foreign currency remittances, which cannot be transacted on any digital electronic platforms,” External link

herald Wednesday, April 8, 2020 3:47:00 AM EAT

John Mangudya added : “The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy,” External link

thestandard-zw Thursday, April 2, 2020 3:56:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe (the Bank), would like to advise the public that it is making it easier for the transacting public to conduct business during this difficult period by making available an option to use free funds to pay for goods and services chargeable in local currency," External link

polandsun Friday, March 27, 2020 10:25:00 PM EAT

John Mangudya added : "The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy," External link

miningweekly Friday, March 27, 2020 11:48:00 AM EAT

John Mangudya added : "The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy," External link

4-traders Friday, March 27, 2020 11:31:00 AM EAT

John Mangudya said : "In its place (managed float system) the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of ZW$25 to the US-dollar. This measure will be reviewed when markets stabilise from the effects of COVID-19," External link

bulawayo24 Friday, March 27, 2020 10:48:00 AM EAT

John Mangudya said : “Related to the above measures, government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy. In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of ZWL$25 to the US$. This measure will be reviewed when markets stabilise from the effects of COVID-19,” External link

newsday Friday, March 27, 2020 10:43:00 AM EAT

John Mangudya said : “In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of $25 to the US dollar. This measure will be reviewed when markets stabilise from the effects of Covid-19,” External link

zimeye Friday, March 27, 2020 7:58:00 AM EAT

John Mangudya said : “Whilst the legal instrument to bring the above measures into effect is being finalised, the bank urges the transacting public and producers of gold, tobacco and cotton to fully embrace electronic payment platforms as we fight the spread of COVID-19,” External link

zimeye Friday, March 27, 2020 7:58:00 AM EAT

John Mangudya said : “In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of $25 to the US dollar. This measure will be reviewed when markets stabilise from the effects of Covid-19,” External link

herald Friday, March 27, 2020 5:54:00 AM EAT

John Mangudya said : “Whilst the legal instrument to bring the above measures into effect is being finalised, the bank urges the transacting public and producers of gold, tobacco and cotton to fully embrace electronic payment platforms as we fight the spread of COVID-19,” External link

herald Friday, March 27, 2020 5:54:00 AM EAT

John Mangudya said : “In order to ensure that banking and payment services continue to be available at all times, while promoting crowd containment and social distancing, financial service providers should ensure uninterrupted access to online banking and payment services including point-of-sale, international payments, real time gross settlement, mobile banking, mobile money payments and remittance services,” External link

newsday Monday, March 23, 2020 3:25:00 PM EAT

John Mangudya said : "The fuel sector accesses foreign exchange through letters of credit (LCs). The LC facility has assisted the country to import critical requirements in the face of an acute shortage of foreign exchange. It is essentially a deferred payment instrument that allows the country to bring in fuel or any commodity with final repayment spread to about 90–180 days," External link

bulawayo24 Saturday, March 21, 2020 12:39:00 AM EAT

John Mangudya said : "In terms of the coronavirus, many of you are worried that Zimbabwe, with its economy that is already not performing well, will further decline. God works in mysterious ways," "The price of fuel, which is one product that government spends a lot to import, has dropped to US$0,30 from US$0,40 per barrel. Zimbabwe imports fuel worth US$1,5 billion per year, and since the price of fuel has gone down it means that for one US dollar we are going to get more and the biggest chunk of foreign currency which is consumed by fuel will go to other things" External link

bulawayo24 Monday, March 16, 2020 9:29:00 PM EAT

John Mangudya said : "You cannot attract an investor to come into a country with high inflation, instability of the exchange rate and corruption. So, what we are trying to do is to build blocks for those investors to come," External link

bulawayo24 Sunday, March 15, 2020 3:10:00 AM EAT

John Mangudya said : “Way forward to stabilise prices and exchange rate include a sound fiscal position to limit monetisation of fiscal deficit, commitment to monetary targetting framework to contain money supply growth, issuing attractive money market instruments to enhance the store of value function of the local currency, promoting the use of free funds through formal means to make sure that we use that USD 1 billion which comes through remittances. We are trying to put value on people’s money, it is all about value preservation and give reaffirmation that money is not being printed in Zimbabwe. Empowering bureaux de change to complement banks in transparency trading of foreign currency and promoting productive sector lending through appropriate incentives to banks,” External link

zbc Friday, March 13, 2020 11:40:00 AM EAT

John Mangudya said : "The monetary factors cannot fully explain the depreciation of the local currency which means that there is another X-factor, which is called the residual factor in statistics," "That residual factor seems to be bigger than the role played by monetary authorities in this economy. Who are those moving the exchange rate and for what purpose? So what we are saying is that the Zimbabwe foreign exchange market seems to be a complex market where non-monetary factors and monetary factors seem to be playing themselves out and then they come up with an exchange rate. This is what we are studying and we need to go deeper into the issue" External link

bulawayo24 Friday, March 13, 2020 9:55:00 AM EAT

John Mangudya said : "The monetary factors cannot fully explain the depreciation of the local currency which means that there is another X-factor, which is called the residual factor in statistics," "That residual factor seems to be bigger than the role played by monetary authorities in this economy. Who are those moving the exchange rate and for what purpose? So what we are saying is that the Zimbabwe foreign exchange market seems to be a complex market where non-monetary factors and monetary factors seem to be playing themselves out and then they come up with an exchange rate. This is what we are studying and we need to go deeper into the issue" External link

bulawayo24 Friday, March 13, 2020 9:55:00 AM EAT

John Mangudya said : “The major market for tobacco is China; we do hope and pray the prices would remain the same,” External link

thezimbabwemail Thursday, March 12, 2020 4:54:00 PM EAT

John Mangudya said : “There is commitment to ensure that it is done immediately,” External link

herald Thursday, March 12, 2020 2:26:00 AM EAT

John Mangudya said : “De-dollarisation is a gradual movement from dollarisation. When we introduced the interbank rate on 22 February 2019, that was the beginning of the journey to de-dollarise. De-dollarisation is a process, not an event other countries take 10 to 15 years, for example, our neighbours Zambia took 5-6 years and Democratic Republic of the Congo (DRC) they are still on at the moment,” External link

zbc Wednesday, March 11, 2020 5:18:00 PM EAT

John Mangudya explained : “There is no inconsistency in that regard, some companies are trading in foreign currency, some are being taxed in foreign currency, it is a process. What is left is having timelines. We are all aware that 60 percent of the economy is informal and 40 percent is formal and there is too much money in the informal economy. So, this is a way of taking foreign currency to the formal economy when they buy fuel in foreign currency,” External link

zbc Wednesday, March 11, 2020 5:18:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

newsday Friday, March 6, 2020 5:53:00 PM EAT

John Mangudya said : “The bank remains committed to the implementation of the monetary targeting framework under its tight monetary stance and is targeting reserve money growth of 10-15 percent by the end of 2020,” External link

zimeye Thursday, March 5, 2020 7:25:00 PM EAT

John Mangudya said : “The decline of the value of the local currency was largely due to various factors including low business and customer confidence, low production levels within the economy and the impact of macroeconomic shocks such as drought and Cyclone Idai,” External link

zimeye Thursday, March 5, 2020 7:25:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

zimeye Thursday, March 5, 2020 3:09:00 PM EAT

John Mangudya said ( about Monetary Policy ) : "The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board's Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF," External link

bulawayo24 Thursday, March 5, 2020 1:28:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

newsday Thursday, March 5, 2020 9:01:00 AM EAT

John Mangudya said : "The bank remains committed to the implementation of the monetary targeting framework under its tight monetary stance and is targeting reserve money growth of 10-15 percent by the end of 2020," External link

bulawayo24 Thursday, March 5, 2020 8:45:00 AM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

theCitizen Tuesday, March 3, 2020 3:49:00 PM EAT

John Mangudya said : “The bank shall, therefore, continue to provide incentives to promote and defend the use of the local currency within the economy in order to support the de-dollarisation process,” External link

newsday Tuesday, March 3, 2020 3:00:00 PM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

thezimbabwemail Tuesday, March 3, 2020 2:52:00 PM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

EastAfrican Tuesday, March 3, 2020 12:37:00 PM EAT

John Mangudya said : "There is no secrecy in the payment of the gold incentive scheme by government through the Bank," External link

bulawayo24 Tuesday, March 3, 2020 9:14:00 AM EAT

John Mangudya said : “The country requires around US$100m a month and US$1.2bn to import fuel yearly and we are working flat out to ensure that the funds are readily available for the economy to be productive,” “Manufacturing needs a great deal of fuel, mining also needs a great deal amount of fuel and the generality of the population also need fuel to be productive in their various disciplines” External link

thezimbabwemail Thursday, February 27, 2020 7:45:00 PM EAT

John Mangudya said : "The country requires around US$100m a month and US$1.2bn to import fuel yearly and we are working flat out to ensure that the funds are readily available for the economy to be productive," "Manufacturing needs a great deal of fuel, mining also needs a great deal amount of fuel and the generality of the population also need fuel to be productive in their various disciplines" External link

bulawayo24 Thursday, February 27, 2020 3:19:00 PM EAT

John Mangudya said : "As a Government, we have defined where we are going, and that is the de-dollarisation route," External link

bulawayo24 Wednesday, February 26, 2020 8:15:00 PM EAT

John Mangudya said : “We will be monitoring and giving feedback. We are not going backwards,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya explained : “It disappoints my heart that we import things that we can make on our own … The problem is we have too many abusers and too much arbitrage in the country,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya said : “We are liberalising the bureau de changes so that they will at least provide small businesses and individuals who need foreign currency to travel and conduct business. We have been having meetings and we will be putting mechanisms to monitor against arbitrage,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya said : "The money supply in the economy is such that it is $39,5 billion and of that, $12 billion is foreign currency and $22 billion is local currency," "The $39,5 billion also reflects deposits held by the banks of $34,5 billion, of which 50% of that is owned by around 200 entities and their deposits range from $2 million to $2 billion," External link

bulawayo24 Tuesday, February 25, 2020 10:52:00 AM EAT

John Mangudya said : “The illicit transactions are always not good for the country and it is our zeal to focus on removing such activities,” External link

thezimbabwemail Tuesday, February 25, 2020 3:03:00 AM EAT

John Mangudya said : “The illicit transactions are always not good for the country and it is our zeal to focus on removing such activities,” External link

zbc Monday, February 24, 2020 8:12:00 PM EAT

John Mangudya said : “This is critical to ensure that confidence is maintained and increased and that the local currency is not alienated,” External link

dailynews-co-zw Monday, February 24, 2020 6:24:00 PM EAT

John Mangudya said : "The banking sector performed satisfactorily during the year ended 31 December 2019, as reflected by improved capital levels and earnings performance, as well as satisfactory asset quality and liquidity," "Financial soundness indicators for the period under review are total loans and advances, which creeped to $12,63 billion from $8,3 billion in the third quarter ended September 30, 2019 while total assets were $60,6 billion at the close of 2019" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "The banking sector remained adequately capitalised with the average capital adequacy and tier 1 ratios of 39,56 percent and 27,87 percent as at December 31, 2019, respectively, above the regulatory minimum of 12 percent and 8 percent, respectively. " External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "As a Government, we have defined where we are going, and that is the de-dollarisation route," "Because it's a process and not an event, we are saying as the central bank that we believe within five years, we will complete de-dollarisation. By de-dollarisation we are not saying there will be no more foreign currency in circulation; that is a wrong definition of de-dollarisation because if you look at those countries that have de-dollarised, for instance Zambia, Cameroon, Ethiopia, they still accept foreign currency and you can still open a foreign currency account" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "Right now, it's too early to expect everyone to be using the local currency after 10 years in dollarisation," "Once inflation stabilises and we have a stable environment, people will be happy to use the Zimbabwe dollar" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : “As a Government, we have defined where we are going, and that is the de-dollarisation route,” External link

zimeye Monday, February 24, 2020 7:30:00 AM EAT

John Mangudya said : “So don’t condemn people on why they are using free funds. Free funds have always been there even during the 2008 hyperinflation,” External link

zimeye Monday, February 24, 2020 7:30:00 AM EAT

John Mangudya said : “Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation,” External link

zimeye Sunday, February 23, 2020 12:59:00 PM EAT

John Mangudya said : "In an inflationary environment, it is difficult to get enough cash for everyone, but we are working towards that. We are continuously increasing the cash supply. We expect banks to give us their level of demand then we give them cash. We want to engage them more and continuously address the cash shortages," External link

bulawayo24 Sunday, February 23, 2020 11:42:00 AM EAT

John Mangudya said : "My answer is yes, that is our desired trajectory and that is where we are going. But at the same time, we still believe in a cashless society and we want to see a reduction in the cost of doing digital transactions. There are too many variables which are there in the economy" External link

bulawayo24 Sunday, February 23, 2020 11:42:00 AM EAT

John Mangudya said : “In an inflationary environment, it is difficult to get enough cash for everyone, but we are working towards that. We are continuously increasing the cash supply. We expect banks to give us their level of demand then we give them cash. We want to engage them more and continuously address the cash shortages,” External link

zimeye Sunday, February 23, 2020 11:26:00 AM EAT

John Mangudya said : “The bank also advised of gradually injecting additional notes and coins into the economy to lessen the inconvenience caused by the shortages of physical cash to the transacting public. In addition, the bank introduced credit enhancing measures to incentivise and encourage banks to lend long term,” External link

zimeye Sunday, February 23, 2020 11:26:00 AM EAT

John Mangudya said : "Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation," External link

onlinenigeria Saturday, February 22, 2020 9:01:00 PM EAT

John Mangudya said : "Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation," External link

bulawayo24 Saturday, February 22, 2020 8:32:00 PM EAT

John Mangudya said : “Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation,” External link

dailynews-co-zw Saturday, February 22, 2020 5:07:00 PM EAT

John Mangudya said : “Banking institutions are encouraged to re-orient their lending portfolios to the productive sectors of the economy. Banking institutions are encouraged to partner with the private sector across the value chains, as part of the strategy to increase productivity and export earnings in the national economy. Financial institutions are expected to increase their support to the micro, small and medium enterprises (MSMEs) in order to deepen financial inclusion,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “In this regard, banking institutions and microfinance institutions are required to submit to the bank (RBZ) detailed strategies to support the productive sector during the period 2020-2021,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “Our task is we stabilise inflation and stabilise the exchange rate. We expect month-on-month inflation will continue to come down until the end of the year,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “Most of the inflation is caused by non-monetary factors. That is expectations – that ‘I lost money in 2008’,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : "Gold deliveries to Fidelity Printers and Refiners (FPR) for the period January to 31 December 2019 were 27, 66 tonnes, a decline of 17 percent from 33, 29 tonnes recorded during the same period in 2018," External link

bulawayo24 Wednesday, February 19, 2020 10:03:00 AM EAT

John Mangudya said : "It is this liquidity or stock of money that is the key focus area that the bank is mandated to manage to ensure that it does not cause inflation and/or bring volatility to the exchange rate," "Focusing on liquidity management becomes even more critical especially in the context under which around 50 percent of this ZW$34,5 billion is concentrated on only 200 entities while the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap" External link

bulawayo24 Wednesday, February 19, 2020 10:03:00 AM EAT

John Mangudya said : “None in this room have excess real time gross settlement,” External link

newsday Wednesday, February 19, 2020 12:06:00 AM EAT

John Mangudya said : “The effective date of compliance with the new minimum capital requirements is December 31, 2020. For new applications for bank or microfinance licences, the new minimum capital requirements are applicable with immediate effect. Banking institutions are, therefore, required to submit capital plans to the (central) bank by June 30, 2020, clearly indicating their chosen strategy,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said : “Those 200 entities, they range from the lowest with $2 million while the highest has around $1,5 billion,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “They can’t even give money for private sector funding, this is why (Monetary Policy Committee) MPC is supplementing $1,5 billion so that the banks continue to lend. People with excess money in their pockets are the ones who want to buy money (on the black market) to preserve value,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said : “The Bank has, therefore, no appetite at all to tamper with the legal status of the public’s foreign currency accounts,” “Allowing the use of free funds within the national economy for the payment of customs duties on selected products, paying for emergency passports, procurement of basic commodities such as food items and fuel, under the direct fuel (DFI) scheme, should not be misconstrued as going back to dollarisation, but rather as common good for the country to promote the inflow of free funds from the diaspora, and necessary to buttress the confidence that is needed under the de-dollarisation process,” External link

dailynews-co-zw Tuesday, February 18, 2020 6:14:00 PM EAT

John Mangudya said : “This is in line with other countries’ experiences on de-dollarisation,” External link

dailynews-co-zw Tuesday, February 18, 2020 6:14:00 PM EAT

John Mangudya said : "The stable exchange rate is set to anchor the country's disinflation programme through which monthly inflation is forecast to close the first quarter in single digit levels of below five percent. This trend will see the year-on-year inflation coming down to around 50 percent by December 2020," "The confidence dividends from preserving the anchors of macro-economic stability, notably, inflation and exchange rate stability will help to manage inflation expectations and foster a conducive environment for increased production and productivity within the national economy, thus, underpinning the thrust of the 2020 National Budget" External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "The bank is encouraged by the positive de-dollarisation process that has been taking place in the country," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "The unfettered or unrestrained use of free funds is in line with regional and international best practices as free funds are outside the exchange control territory of the country. Free funds play a catalytic role in enhancing confidence in the foreign exchange market and in promoting economic development," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "These measurements of the proportion of the use of the local currency in the economy show that the country is on a right trajectory to de-dollarisation," "The Bank shall, therefore, continue to provide incentives to promote and defend the use of the local currency within the economy in order to support the de-dollarisation process" External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "Focusing on liquidity management becomes critical especially the context under which around 50 percent of this $34,5 billion is concentrated on only 200 entities, whilst the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : “Focusing on liquidity management becomes critical especially the context under which around 50 percent of this $34,5 billion is concentrated on only 200 entities, whilst the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap,” External link

herald Tuesday, February 18, 2020 1:59:00 AM EAT

John Mangudya said : “The bank believes that the macro-economic signals that include fiscal and monetary discipline, prospects of positive economic growth and lower inflation are improving to support a gradual de-dollarisation process within a time-frame of five years,” External link

insiderzim Monday, February 17, 2020 10:45:00 PM EAT

John Mangudya said : "The bank believes that the macro-economic signals that include fiscal and monetary discipline, prospects of positive economic growth and lower inflation are improving to support a gradual de-dollarization process within a timeframe of five years. This is in line with other countries' experiences on de-dollarization," External link

xinhuanet_en Monday, February 17, 2020 6:09:00 PM EAT

John Mangudya said : “Government through the bank is committed to orderly settlement of blocked funds – cash flows generated in Zimbabwe by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages or commonly referred to as foreign exchange legacy liabilities,” “To date, Exchange Control has processed and validated blocked funds in an amount of US$1.2 billion from 730 applicants out of 1 080 requests” External link

zbc Monday, February 17, 2020 5:08:00 PM EAT

John Mangudya said : “These non-monetary factors are grounded on the public’s past negative experiences with inflation. In addition, the Bank is committed to improving the depth and efficiency of the interbank foreign exchange market with a view to enhancing its efficacy and thus ensuring a credible, predictable and sustainable exchange rate determination framework. This will produce stability and enhance confidence in the foreign currency market,” External link

zbc Monday, February 17, 2020 5:08:00 PM EAT

John Mangudya said : “Our task is we stabilize inflation and stabilize the exchange rate. We expect month-on-month inflation will continue to come down until the end of the year,” External link

dailymaverick Monday, February 17, 2020 4:51:00 PM EAT

John Mangudya said : “Most of the inflation is caused by non-monetary factors. That is expectations – that ‘I lost money in 2008’,” “This is a once-beaten, twice-shy scenario. These are things that shape inflation in Zimbabwe” External link

dailymaverick Monday, February 17, 2020 4:51:00 PM EAT

John Mangudya said : "It's a process, you don't just cut and everything falls into place, it does not happen like that," External link

bulawayo24 Sunday, February 16, 2020 11:47:00 AM EAT

John Mangudya said : “Already, engagements have been done with commercial banks to ensure smooth implementation of this system. Currently, banks are working on a user-test environment to enhance the efficiency of this foreign exchange trading system,” External link

dailynews-co-zw Friday, February 14, 2020 7:06:00 PM EAT

John Mangudya told : “We don’t know the intention of people who are circulating these messages, but I want to assure the nation that the multi-currency system is here to stay and we have no intention to exchange depositors’ funds,” External link

dailynews-co-zw Friday, February 7, 2020 10:08:00 AM EAT

John Mangudya said : “The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions,” External link

standardmedia Sunday, January 26, 2020 10:54:00 AM EAT

John Mangudya said : "The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions, particularly on the EcoCash platform," External link

onlinenigeria Saturday, January 25, 2020 11:32:00 PM EAT

John Mangudya said : "The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions," External link

4-traders Saturday, January 25, 2020 5:12:00 PM EAT

John Mangudya said : “The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions, particularly on the EcoCash platform,” External link

newsday Saturday, January 25, 2020 7:22:00 AM EAT

John Mangudya said : "The MPC noted the need for banks to hold sufficient capital to ensure continued stability and soundness of the financial services sector, as well as ensuring that banks continue to be able to underwrite financial transactions that are necessary for improving production and productivity," "Tier 1 banks which refers to large indigenous commercial banks and all foreign banks, US$30 million; Tier 2 — commercial banks, merchant banks, building societies, development banks, finance and discount houses, US$20 million; Tier 3 — deposit-taking microfinance banks, US$5 million; and credit only microfinance institutions, US$25 000" External link

bulawayo24 Thursday, January 23, 2020 10:13:00 AM EAT

John Mangudya said : "This amount is well within the committee's initial target of ZWL$1 billion agreed in 2019. The bank shall continue to administer this facility while taking appropriate measures to limit its impact on inflation and the exchange rate," External link

bulawayo24 Thursday, January 23, 2020 10:13:00 AM EAT

John Mangudya said : “So our story is very simple. Let’s keep moving; let’s keep praying for the country and let’s increase love among each other; for with love nothing is impossible. We want the spirit of togetherness, it helps on the monetary side, it makes it makes it much easier for us,” External link

thezimbabwemail Friday, January 3, 2020 2:32:00 AM EAT

John Mangudya said : “The limitation (for increasing cash) is that the money needs to printed and the printing comes at a cost. It’s not done for free, we also need foreign currency to print money so we have to do it gradually otherwise it ends up being costly,” External link

thezimbabwemail Friday, January 3, 2020 2:32:00 AM EAT

John Mangudya said : “When I checked with the Ministry of Transport, they said anytime this year the two planes will be in Zimbabwe after refurbishment. The planes will be in the name of Air Zimbabwe because Zimbabwe Airways was more like a shelf company. We used to owe farmers and were afraid that those planes would be taken,” External link

newsday Friday, December 13, 2019 12:08:00 PM EAT

John Mangudya said : "In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework," External link

bulawayo24 Tuesday, December 3, 2019 11:16:00 AM EAT

John Mangudya said : “In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework,” External link

zimeye Tuesday, December 3, 2019 10:31:00 AM EAT

John Mangudya said : “In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework,” External link

herald Tuesday, December 3, 2019 3:01:00 AM EAT

John Mangudya said : “Consequently, the committee resolved to revise the bank policy rate from 70 to 35 percent with effect from November 20, 2019. This position will be reviewed at future meetings,” External link

herald Wednesday, November 20, 2019 2:13:00 AM EAT

John Mangudya said : “The committee also underscored the need to incorporate bureaux de change in the process in order to expand, deepen and enhance the operational efficiency of the interbank market. In addition, the committee agreed to launch the market tracker under the Reuters system, which is intended to enhance transparency in the operation of the interbank market by end of November 2019,” External link

herald Wednesday, November 20, 2019 2:13:00 AM EAT

John Mangudya said : “emphasised the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

businessday Tuesday, November 19, 2019 12:32:00 PM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

businessday Tuesday, November 19, 2019 12:32:00 PM EAT

John Mangudya said : “emphasized the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

news-yahoo Tuesday, November 19, 2019 9:33:00 AM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

news-yahoo Tuesday, November 19, 2019 9:33:00 AM EAT

John Mangudya said : “The committee emphasised the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system. To this end, the bank policy rate, currently at 70 percent, requires review. The committee resolved to revise the bank policy rate from 70 percent to 35 percent, with effect from November 20. This position would be further reviewed at future committee meetings,” External link

zbc Tuesday, November 19, 2019 5:11:00 AM EAT

John Mangudya said : “This economy is more like a dual economy now, it has an informal sector, which is about 60 percent and the formal sector, which is about 40 percent. What is happening is that money comes from the formal to informal sector and gets trapped there,” External link

herald Tuesday, November 19, 2019 3:05:00 AM EAT

John Mangudya said : “emphasized the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

thezimbabwemail Monday, November 18, 2019 9:40:00 PM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

thezimbabwemail Monday, November 18, 2019 9:40:00 PM EAT

John Mangudya saying : “We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

thezimbabwemail Sunday, November 17, 2019 9:52:00 PM EAT

John Mangudya saying : “We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored.” External link

insiderzim Sunday, November 17, 2019 5:45:00 PM EAT

John Mangudya said : “We need to produce so that we can feed the nation, export and generate foreign exchange,” External link

zbc Friday, November 15, 2019 3:48:00 PM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe has taken note of pictures circulating on social media that show recently introduced $2 banknotes in sealed packs, suggesting that the notes are already being traded on the parallel market," External link

bulawayo24 Friday, November 15, 2019 10:14:00 AM EAT

John Mangudya said : "The procedure is such that banks transfer the equivalent amount of their cash requirements to the RBZ through the RTGS system. The banks will then collect the cash from the RBZ to their central cash deposits from where they distribute to their branch network," External link

bulawayo24 Friday, November 15, 2019 10:14:00 AM EAT

John Mangudya said : “Appropriate disciplinary measures shall be taken against the bank and the customer and anyone else found responsible for such malpractices which bring RBZ and the entire banking system into disrepute. Such malpractices cannot and should not be condoned,” External link

zbc Friday, November 15, 2019 12:28:00 AM EAT

John Mangudya said : “Appropriate disciplinary measures shall be taken against the bank and the customer and anyone else found responsible for such malpractices which bring RBZ and the entire banking system into disrepute. Such malpractices cannot and should not be condoned,” External link

zbc Thursday, November 14, 2019 6:50:00 PM EAT

John Mangudya told : “The retention issue will certainly be put under review, but a 100% retention will not be possible (because) these minerals are not owned by the miners, but by the government. Several of you miners have been coming to us giving us the challenges you are facing due to the 55%:45% retention thresholds. We understand the position you are coming from in terms of the fact that you are paying all of the services rendered to you in US dollars. What I can say now is that we are willing to review this issue of retention,” External link

newsday Thursday, November 14, 2019 11:42:00 AM EAT

John Mangudya said : “Where we are now as an economy, we do believe the economy is going through a transformative stage. During that transformation, you need to be careful because sometimes you might throw away the baby with the bath water not understanding where things are going,” “We think that we have reached the bottom of the austerity measures and therefore we are on a trajectory to now turn it around. If it was a U shape, we have reached the lowest position and we are now climbing up,” External link

herald Thursday, November 14, 2019 2:24:00 AM EAT

John Mangudya said : “It’s not true that there is no money (released to the market). The banks are collecting the money, so today (Monday) is the day for collection of the money. Those ones that were able to be served in the morning should be able to give their customers” External link

zimeye Wednesday, November 13, 2019 11:21:00 AM EAT

John Mangudya said : "Money moves from formal to informal sector; it gets trapped there," "So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges" External link

bulawayo24 Tuesday, November 12, 2019 11:13:00 AM EAT

John Mangudya said : "It's a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored" External link

bulawayo24 Tuesday, November 12, 2019 11:13:00 AM EAT

John Mangudya said : “Money moves from formal to informal sector; it gets trapped there,” “So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges” External link

herald Tuesday, November 12, 2019 5:57:00 AM EAT

John Mangudya said : “It’s a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

herald Tuesday, November 12, 2019 5:57:00 AM EAT

John Mangudya said : “Money moves from formal to informal sector; it gets trapped there,” “So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges” External link

thezimbabwemail Tuesday, November 12, 2019 2:56:00 AM EAT

John Mangudya said : “It’s a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

thezimbabwemail Tuesday, November 12, 2019 2:56:00 AM EAT

John Mangudya said : “The fears that people are expressing on social media are a legacy of the hyperinflation era, but we assure them that there will be no repeat of that because there will be no increase in money supply; there is absolutely nothing to fear” External link

zimeye Sunday, November 10, 2019 3:04:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “In line with the pronouncement made in the 2019 Mid-Term Monetary Policy Statement and the Press statement of October 2, 2019 to increase the level of physical cash in circulation, the RBZ wishes to advise the public that with effect from November 11, 2019, it shall issue a two-dollar bond coin which will circulate alongside the two-dollar bond note,” External link

newsday Tuesday, November 5, 2019 9:53:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In line with the pronouncement made in the 2019 Mid-Term Monetary Policy Statement and the Press statement of October 2, 2019 to increase the level of physical cash in circulation, the RBZ wishes to advise the public that with effect from November 11, 2019, it shall issue a two-dollar bond coin which will circulate alongside the two-dollar bond note,” External link

zimeye Tuesday, November 5, 2019 8:13:00 AM EAT

John Mangudya said ( about Temba Mliswa ) : "During the meeting, I asked him (Goddard) whether he had anything in writing or in the form of text messages between him and Mliswa and he said he didn't have," "I then advised Mr Goddard to be careful when he has information that tarnishes people's image without any evidence" External link

bulawayo24 Saturday, November 2, 2019 10:02:00 AM EAT

John Mangudya said : “Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence,” External link

BFTOnline Friday, November 1, 2019 7:33:00 PM EAT

John Mangudya said : "Zimbabwe has the lowest (cash to deposits) ratio," "Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis" External link

bulawayo24 Friday, November 1, 2019 9:34:00 AM EAT

John Mangudya said : "We believe in a free market system," External link

bulawayo24 Friday, November 1, 2019 9:34:00 AM EAT

John Mangudya said : “Zimbabwe has the lowest (cash to deposits) ratio,” “Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis” External link

zimeye Friday, November 1, 2019 7:56:00 AM EAT

John Mangudya said : “We believe in a free market system,” External link

zimeye Friday, November 1, 2019 7:56:00 AM EAT

John Mangudya said : “That we have addressed, as the MPC, we deliberated on the matter extensively and came to the conclusion that we are satisfied with sterilisation of that money. Sterilisation is mopping of money from the market and putting it at the central bank to remove its effect of causing other havocs on the market,” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya said : “Zimbabwe has the lowest (cash to deposits) ratio,” “Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya said : “We believe in a free market system,” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya explained : “We need to concentrate on productivity and enhancing confidence within the economy. Apart from that we also need mind Reset from polarisation and negativity to the spirit of togetherness,” External link

zbc Thursday, October 31, 2019 6:51:00 PM EAT

John Mangudya told : “The committee noted that the volumes of trades conducted on the interbank market to date are significant but calls for further improvements,” External link

herald Thursday, October 31, 2019 2:11:00 AM EAT

John Mangudya said : “50 percent of the deposits are owned by 50 corporates. This is 50 percent of $ 19 billion. It is easy for us to monitor movements on those accounts,” “If left, they can cause suffering. We must not allow such a thing to happen. We are not targeting an individual, we are targeting those with energy to influence the market” External link

insiderzim Wednesday, October 30, 2019 11:52:00 PM EAT

John Mangudya said : “We will be introducing new $2 coins and $2 and $5 notes. These will not be bond notes but will be equivalent to the bond notes and will be similar in colour to the bond notes,” External link

thezimbabwemail Wednesday, October 30, 2019 7:33:00 PM EAT

John Mangudya told : “We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “We already have bond coins and notes in circulation, as well as $2 and $5 bond notes, but now we are going to have the already circulating bond coins and notes and the $2 new currency coins and $5 new currency notes,” “They are going to be used interchangeably at 1:1 rate and the new currency will not be in our bond notes (form), they will be called $2 or $5,” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “For now we will do the $2 notes, $5 notes and $2 coins so that they do not depreciate as soon as possible” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “We are going to be releasing money into circulation. To be precise, within the next two weeks, we will have the new currency,” External link

citizen Wednesday, October 30, 2019 12:30:00 PM EAT

John Mangudya said : “Section 6 (1) (g) of the RBZ Act defines our functions, which is the stability of the exchange rate. Section 8 of the RBZ Act says the bank shall act as vendor to the State and carry transactions in such a manner that the State may require and make necessary arrangements. So all the instructions were authorised by the Finance minister,” External link

zimeye Wednesday, October 30, 2019 12:21:00 PM EAT

John Mangudya said : “The committee noted that the level of physical cash in the economy is inadequate to meet transactional demand, considering that the current proportion of cash to broad money supply of 4 percent is low compared to regional and international levels of 10-15 percent,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “In this regard, the committee noted with satisfaction the fact that the domestic economy in 2019 achieved new heights in terms of the utilisation of electronic systems for market transactions, however it felt there was the need to boost the domestic demand for cash,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “This is the reason the majority are struggling to afford basic commodities and banks are also constrained by their liquidity levels, while the productive sectors are short of liquidity. We have $19 billion in the market and half if that is being held by 50 companies which is not sustainable,” “To ensure transparency and effective monitoring, RBZ will shortly introduce the Reuters System for foreign exchange trading by all banks. Furthermore, the committee underscored the need for banks to out available foreign exchange balances on the market for trading purposes. In this respect the RBZ will also make efforts to increase the flow of foreign exchange to the market,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “In this regard, the committee noted with satisfaction the fact that the domestic economy in 2019 achieved new heights in terms of the utilisation of electronic systems for market transactions,” “However, the committee felt that there was a need to boost the domestic availability of cash for transactional purposes through a gradual increase in cash supply over the next six months” External link

herald Wednesday, October 30, 2019 2:07:00 AM EAT

John Mangudya said : “We thought of being conservative and we will graduate with time” External link

herald Wednesday, October 30, 2019 2:07:00 AM EAT

John Mangudya told : “For a start, we thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

themalaymailonline Tuesday, October 29, 2019 7:03:00 PM EAT

John Mangudya told : “We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

zimeye Tuesday, October 29, 2019 6:54:00 PM EAT

John Mangudya told : "For a start, we thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time," External link

news-yahoo Tuesday, October 29, 2019 6:29:00 PM EAT

John Mangudya told : "We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time," External link

news-yahoo Tuesday, October 29, 2019 5:30:00 PM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?" External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya responded : "When we go to the specifics, they will show that 90% of the TBs were generated by the RBZ, and as central bank governor, it means that you were oblivious that the Finance ministry was overspending, and on what legal basis did the RBZ breach the Constitution by spending US$2,1 billion in 2017 and US$1,5 billion in 2018 which was not approved by Parliament?" External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya responded : "The question should be referred to the Ministry of Finance who gave you the information. It is they who should answer to you. The money was not spent by the RBZ. We just get an instruction from the principal agent (Finance ministry) who wrote letters for us to issue payments for Command Agriculture, and it is the Ministry of Finance who should give you the reasons why" External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya insisted : "The answer is that the RBZ did not overspend. The Ministry of Finance should answer that question," External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya responded : “When we go to the specifics, they will show that 90% of the TBs were generated by the RBZ, and as central bank governor, it means that you were oblivious that the Finance ministry was overspending, and on what legal basis did the RBZ breach the Constitution by spending US$2,1 billion in 2017 and US$1,5 billion in 2018 which was not approved by Parliament?” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya responded : “The question should be referred to the Ministry of Finance who gave you the information. It is they who should answer to you. The money was not spent by the RBZ. We just get an instruction from the principal agent (Finance ministry) who wrote letters for us to issue payments for Command Agriculture, and it is the Ministry of Finance who should give you the reasons why” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya insisted : “The answer is that the RBZ did not overspend. The Ministry of Finance should answer that question,” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said ( about Temba Mliswa ) : "During the meeting I asked him (Goddard) whether he had anything in writing or in the form of text messages between him and Mliswa and he said he didn't have," "I then advised Mr Goddard to be careful when he has information that tarnishes people's image without any evidence" External link

bulawayo24 Tuesday, October 22, 2019 10:01:00 AM EAT

John Mangudya declared : “Give us a chance to do what is right for this economy, to put it back on track. If these policy measures fail, if the bond notes do not work out, I’m willing to resign because I am genuine about getting the economy back on track” External link

newsday Wednesday, October 16, 2019 6:23:00 AM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe has noted with concern that false information is being circulated through the media suggesting that the bank has changed the policy and administrative arrangements regarding the treatment of Nostro accounts and cash withdrawals. This follows the release via social media of an FBC Bank internal document,” External link

herald Saturday, October 12, 2019 2:46:00 AM EAT

John Mangudya said : “This is to facilitate funding of the interbank market for the importation of critical imports for corporates and individuals without access to foreign exchange as is the case in other jurisdictions,” External link

herald Saturday, October 12, 2019 2:46:00 AM EAT

John Mangudya said : “The RBZ will be injecting cash into the economy without changing money supply,” External link

thezimbabwemail Friday, October 4, 2019 3:27:00 PM EAT

John Mangudya précisé : "La banque espère que l'inflation commencera à diminuer après la fin du cycle actuel d'inflation élevée, comme en témoigne l'atténuation des pressions liées à la dépréciation du taux de change, à la suite de la suppression du système multi-devises" External link

french.china.org.cn Friday, September 13, 2019 11:18:00 PM EAT

John Mangudya déclaré ( about John Mangudya ) : "La première partie de toute monnaie est de s'assurer qu'elle est acceptée dans son propre pays. Vous ne pouvez pas partir de l'extérieur, donc la confiance en votre monnaie commence d'abord chez vous ; quand elle est bien utilisée, quand vous avez une production élevée au Zimbabwe, quand vous avez une grande confiance et que vous avez également confiance qu'elle peut être acceptée dans d'autres pays " "Comment pouvez-vous vous attendre à ce que les gens au Malawi (par exemple) acceptent votre monnaie au Malawi alors que vous n'avez pas de production ? Ce qui souligne une monnaie, c'est la production et la confiance. Ce sont les deux facteurs qui sous-tendent une monnaie. Il ne s'agit pas de Mangudya qui imprime de l'argent, non" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT

John Mangudya ajouté : "La notification d'une nouvelle monnaie est une pratique courante, je ne vois pas pourquoi cela devrait même être un problème. Ils n'ont pas besoin d'accepter ou de refuser parce qu'il s'agit d'une notification. Vous informez votre homologue. Ce sont des questions de banque centrale, il est indispensable que lorsque vous changez de monnaie, vous devez indiquer que votre monnaie est maintenant en'ZWL' (dans le cas du dollar du Zimbabwe)" "Il s'agit d'une monnaie nationale pour le Zimbabwe. Si vous vous adressez au FMI (Fonds m onétaire international), il doit savoir quelle est la devise que vous utilisez, allez à la Banque mondiale, en Afrique du Sud. En tant que banques centrales, nous sommes d'accord pour dire que si votre argent se trouve dans une autre juridiction, vous vous attendez à ce qu'il soit repris d'où il vient, c'est-à-dire dans la pratique courante des banques" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT

John Mangudya déclaré : "Cette nouvelle position est nécessaire pour promouvoir l'utilisation efficace des devises, pour minimiser les risques d'arbitrage dans l'économie et pour les protéger" External link

infosplusgabon Tuesday, May 21, 2019 12:58:00 PM EAT

John Mangudya déclaré : ''La Banque a demandé aux banques d’appliquer efficacement le principe de consentement mutuel du vendeur et de l'acquéreur pour veiller à ce que le marché des changes interbancaire reflète les conditions du marché. En conséquence, les banques doivent veiller à ce qu'il n'y ait pas de danger moral dans le fonctionnement du marché interbancaire des changes'' External link

infosplusgabon Tuesday, May 21, 2019 12:58:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
governor79.83%EN10/29/201729/10/2017
chief5.00%EN10/28/201728/10/2017
finance minister0.23%EN09/30/201730/09/2017
reserve bank governor8.55%EN09/27/201727/09/2017
boss0.69%EN04/16/201716/04/2017
gov.0.15%EN11/22/201622/11/2016
reserve bank gov.0.08%EN11/22/201622/11/2016
zimbabwean reserve bank governor0.15%EN10/30/201630/10/2016
reserve bank chief0.23%EN10/08/201608/10/2016
reserve bank governor governor0.08%EN09/29/201629/09/2016
gouverneur1.08%FR09/16/201616/09/2016
governor of zimbabwe0.77%EN07/07/201607/07/2016
zimbabwe bank governor0.31%EN07/06/201606/07/2016
finance and economic development minister0.15%EN06/30/201630/06/2016
deputy0.08%EN06/29/201629/06/2016
minister prisca mupfumira and reserve bank governor0.15%EN06/27/201627/06/2016
ministre du commerce0.08%FR06/23/201623/06/2016
head0.15%EN06/21/201621/06/2016
successor0.08%EN06/13/201613/06/2016
patrick chinamasa and reserve bank governor0.23%EN06/03/201603/06/2016
governor0.69%SA09/10/201410/09/2014
chief0.23%SA08/27/201427/08/2014
economist0.38%EN03/24/201424/03/2014
chief executive officer0.23%EN03/23/201423/03/2014
cbz holdings chief executive0.08%EN03/23/201423/03/2014
chief executive0.31%EN03/11/201411/03/2014
Names Lang Count
John MangudyaEN96.94%
John MangudyaFR2.46%
John MangudyaSA0.33%
John MangudyaPT0.27%


 
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John Mangudya said ( about John Mangudya ) : “What I am aware of around 4pm, yesterday thereabout, I was phoned about his condition then I immediately phoned the deputy minister of Health and Child Care Dr Magwiro (John Chamunorwa Mangwiro ) who was good enough to give his number so I then gave his number to his (Mataruka) wife,” “They spoke thereafter but what I heard this morning was that he (Mataruka) had passed on at Parirenyatwa. I don’t know full details but what I do know is that he did get to Parirenyatwa yesterday and I saw a message to say that he was at Parirenyatwa. But, this morning, he passed on” External link

newsday Tuesday, July 28, 2020 3:27:00 AM EAT

Jacob Mudenda said ( about John Mangudya ) : “I did engaged the Reserve Bank of Zimbabwe governor John Mangudya to expeditiously put in place foreign currency and ensure there is sufficient fuel for MPs. He assured me that he will put together the necessary foreign currency to ensure MPs get their vehicles” External link

newsday Wednesday, July 8, 2020 6:46:00 PM EAT

Tafadzwa Musarara said ( about John Mangudya ) : "Following the reestablishment of the Foreign Currency Auction System by the Reserve Bank, GMAZ has had fruitful discussions with the RBZ governor, Dr. Mangudya whereupon foreign currency allocations to millers are now being made," "As a result, on behalf of wheat millers, I am pleased to announce that the cost of bread flour, with effect from 3 July 2020, has been reduced from $3,150 per 50kg to $2,136.89" External link

allafrica Sunday, July 5, 2020 3:10:00 AM EAT

John Mangudya said ( about John Mangudya ) : “The success of any auction in the whole world is about its transparency, so we are going to be super transparent. Number two; there is a multiplicity of exchange rates in the market right? If you go to any shop some are using $45, $80 and some are even at $100 (to one United States dollar),” “Now, given that situation, Mangudya or any person cannot tell you that the rate should be $40 or $60 and, therefore, the only practical way of knowing is to have those people who are using those rates to come and purchase from the auction using their own rate” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

Monica Mutsvangwa said ( about John Mangudya ) : “Government notes with concern that there are some sections of the market that are rejecting bond notes and coins. Notes inscribed ‘bond notes’ are being rejected in preference for those inscribed ‘dollars.’ Government through the Ministry of Finance and Economic Development will be substituting bond notes with new notes through a gradual process,” “In the meantime Government advises the public that the $2 and $5 bond notes are still legal tender in this country and therefore calls upon the business sector not to reject them. As just been announced by Reserve Bank of Zimbabwe Governor, Dr John Mangudya, all business owners, shopkeepers, tuck shop owners and even individuals are free to exchange the bond notes with new notes through their banks” External link

herald Saturday, June 20, 2020 5:02:00 AM EAT

Tony Hawkins said ( about John Mangudya ) : “Its a defeat for Mangudya, but for how long it will last no one really knows,” External link

iol Thursday, June 18, 2020 4:37:00 PM EAT

John Mangudya déclaré ( about John Mangudya ) : "La première partie de toute monnaie est de s'assurer qu'elle est acceptée dans son propre pays. Vous ne pouvez pas partir de l'extérieur, donc la confiance en votre monnaie commence d'abord chez vous ; quand elle est bien utilisée, quand vous avez une production élevée au Zimbabwe, quand vous avez une grande confiance et que vous avez également confiance qu'elle peut être acceptée dans d'autres pays " "Comment pouvez-vous vous attendre à ce que les gens au Malawi (par exemple) acceptent votre monnaie au Malawi alors que vous n'avez pas de production ? Ce qui souligne une monnaie, c'est la production et la confiance. Ce sont les deux facteurs qui sous-tendent une monnaie. Il ne s'agit pas de Mangudya qui imprime de l'argent, non" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT

AfricaBrief

John Mangudya

Last updated on 2017-10-05T10:05+0300.

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Quotes... Extracted quotes from

John Mangudya said : “So with the spread narrowing, we are very pleased with that,” External link

herald Wednesday, July 29, 2020 3:06:00 AM EAT

John Mangudya said ( about John Mangudya ) : “What I am aware of around 4pm, yesterday thereabout, I was phoned about his condition then I immediately phoned the deputy minister of Health and Child Care Dr Magwiro (John Chamunorwa Mangwiro ) who was good enough to give his number so I then gave his number to his (Mataruka) wife,” “They spoke thereafter but what I heard this morning was that he (Mataruka) had passed on at Parirenyatwa. I don’t know full details but what I do know is that he did get to Parirenyatwa yesterday and I saw a message to say that he was at Parirenyatwa. But, this morning, he passed on” External link

newsday Tuesday, July 28, 2020 3:27:00 AM EAT

John Mangudya said : “But we want to see all business entities exercising self-discipline; because you cannot come to the auction and buy (forex) at $70 to US$1 and benefit from exchange gain by charging higher prices,” External link

herald Thursday, July 23, 2020 2:04:00 AM EAT

John Mangudya asked : "What then is chasing the US dollar when Zimbabwe dollars are lower than foreign currency?" External link

bulawayo24 Sunday, July 19, 2020 12:05:00 PM EAT

John Mangudya said : “We have seen that there has been a curve that is going downwards and the rate is flattening at that level,” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya asked : “What then is chasing the US dollar when Zimbabwe dollars are lower than foreign currency?” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya said : “Maybe if they so wish, they can index to the auction rate but not to ask payments to be made in US dollars,” External link

thezimbabwemail Sunday, July 19, 2020 3:29:00 AM EAT

John Mangudya added : "To ensure seamless integration, all money transfer providers must complete the necessary installation or deployment or commissioning of infrastructure connection protocols, credentials and documentation for connection to Zimswitch by no later than August 15 2020," External link

allafrica Monday, July 13, 2020 3:18:00 AM EAT

John Mangudya said : “Following the government press release on the suspension of monetary transactions on mobile-based money platforms (One Money, MyCash, Ecocash and Telecash) dated 26 June 2020, the Reserve Bank of Zimbabwe wishes to advise the public as follows: All mobile money agents are suspended from facilitating mobile financial transactions with immediate effect,” “All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities (water, power and airtime), which have been limited up to ZW$5 000 per day for the convenience of the transacting public” External link

thestandard-zw Saturday, July 4, 2020 5:11:00 AM EAT

John Mangudya said : “Following the government press release on the suspension of monetary transactions on mobile-based money platforms (One Money, MyCash, Ecocash and Telecash) dated 26 June 2020, the Reserve Bank of Zimbabwe wishes to advise the public as follows: All mobile money agents are suspended from facilitating mobile financial transactions with immediate effect,” “All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities (water, power and airtime), which have been limited up to ZW$5 000 per day for the convenience of the transacting public” External link

thestandard-zw Sunday, June 28, 2020 9:29:00 AM EAT

John Mangudya said : "Following the Government press release of the suspension of monetary transactions on mobile money platforms, the RBZ wishes to advise the public that all mobile money agents are suspended from facilitating mobile financial transactions with immediate effect. All merchant transactions are suspended except for receiving payments for goods and services as well as payment of utilities which have been limited up to $5 000 per day for the convenience of the transacting public," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya explained : "The value of any currency against another is dependent on several factors. These factors include the country's current account balance, level of money supply growth, level of inflation, level of interest rates, external debt as well as other non-economic factors. While the economic factors play a critical role in setting the exchange rate, in Zimbabwe the plethora of exchange rates cannot be explained by those factors. The exchange rates have been driven more by speculation and expectations which has resulted in forward pricing of goods and services," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya said : "The first thing is that we do not expect the exchange rate to continue to go up because there now is a formal market for foreign exchange," External link

bulawayo24 Sunday, June 28, 2020 9:20:00 AM EAT

John Mangudya said : “Bona-fide transactions will be processed normally,” External link

thenational Sunday, June 28, 2020 7:24:00 AM EAT

John Mangudya said : “These unprecedented measures have been necessitated by the need to protect customers on mobile money platforms which have been abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy,” External link

thezimbabwemail Sunday, June 28, 2020 5:54:00 AM EAT

John Mangudya explained : “While the economic factors play a critical role in setting the exchange rate, in Zimbabwe the plethora of exchange rates cannot be explained by those factors. The exchange rates have been driven more by speculation and expectations which has resulted in forward pricing of goods and services,” External link

thezimbabwemail Sunday, June 28, 2020 5:54:00 AM EAT

John Mangudya said : “The first thing is that we do not expect the exchange rate to continue to go up because there now is a formal market for foreign exchange,” External link

thezimbabwemail Sunday, June 28, 2020 5:07:00 AM EAT

John Mangudya said : “These unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms which have been abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy” External link

insiderzim Saturday, June 27, 2020 8:26:00 PM EAT

John Mangudya said : "Retailers are also accepting the bond notes that are being rejected because they are still a part of the country's legal tender, so they can also be utilised in the shops," External link

allafrica Saturday, June 27, 2020 9:27:00 AM EAT

John Mangudya said : “Any entity found participating in the auction for the sake of currency manipulation shall be disqualified from participating in the auction system. Entities with positive balances in their nostro accounts will be disqualified from participating in the auction system unless they provide justification,” External link

theindependent Monday, June 22, 2020 10:36:00 PM EAT

John Mangudya said : “There was no market. Let me put it this way, there was a false market. This country has a false market. Do you know what a false market is? A false market occurs when prices are manipulated and impacted by erroneous information” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

John Mangudya said ( about John Mangudya ) : “The success of any auction in the whole world is about its transparency, so we are going to be super transparent. Number two; there is a multiplicity of exchange rates in the market right? If you go to any shop some are using $45, $80 and some are even at $100 (to one United States dollar),” “Now, given that situation, Mangudya or any person cannot tell you that the rate should be $40 or $60 and, therefore, the only practical way of knowing is to have those people who are using those rates to come and purchase from the auction using their own rate” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

John Mangudya said : “What we are saying is very clear in that the auction market is going to receive bids starting Tuesday from an array of foreign currency users. After receiving the bids we will end up having an average rate that will be used for all official systems,” External link

zbc Sunday, June 21, 2020 1:04:00 PM EAT

John Mangudya said : "What we are saying is very clear in that the auction market is going to receive bids starting Tuesday from an array of foreign currency users. After receiving the bids we will end up having an average rate that will be used for all official systems," External link

bulawayo24 Sunday, June 21, 2020 10:44:00 AM EAT

John Mangudya said : "The interbank rate was not working because banks were not trading among themselves efficiently. The banks did not have the limits among themselves because of a number of reasons such as lack of will or geopolitical factors. We have a silo-type mentality in terms of interbank relationships. " External link

bulawayo24 Sunday, June 21, 2020 10:44:00 AM EAT

John Mangudya said : “A few transactions on the black market can easily push the parallel market rate. The official exchange rate remains at 25,” External link

herald Wednesday, June 17, 2020 7:22:00 AM EAT

John Mangudya said : "The committee also resolved to reinstate, with effect from 1 July 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market," External link

bulawayo24 Wednesday, June 10, 2020 10:18:00 AM EAT

John Mangudya said : “The committee also resolved to reinstate, with effect from 1 July 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market,” External link

herald Wednesday, June 10, 2020 2:22:00 AM EAT

John Mangudya added : “The committee also resolved to reinstate, with effect from July 1, 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market” External link

thezimbabwemail Tuesday, June 9, 2020 2:44:00 PM EAT

John Mangudya added : "The committee also resolved to reinstate, with effect from July 1, 2020, the 30-day limit of liquidating surplus foreign exchange receipts from exports in order to ensure that more foreign exchange was released onto the market" External link

bulawayo24 Tuesday, June 9, 2020 10:19:00 AM EAT

John Mangudya warned : “It is illegal to show off cash on social media. Members of the public risk being arrested,” External link

zimeye Monday, June 8, 2020 9:12:00 PM EAT

John Mangudya said : “Without evidence, I can only suspect that it is either the retailers or the oil manufacturing companies or both. There certainly is an invisible hand,” External link

dailynews-co-zw Friday, June 5, 2020 1:29:00 PM EAT

John Mangudya said : "We have come up with the number of initiatives to stop the persistent battering of the domestic currency by rent-seeking behaviour on the parallel market and some of the strategies include dealing with transactional limits and closely monitor agent lines," "We have dealt with those who abuse agent lines and banks; we shall deal with other platforms that continue to operate openly. Just give us time we will leave no stone unturned" External link

bulawayo24 Thursday, June 4, 2020 8:30:00 PM EAT

John Mangudya said : “The FIU had noticed that after freezing of mobile money agent accounts, ZIPIT became the alternative channel for illegal forex dealers,” External link

herald Friday, May 29, 2020 3:05:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’” External link

thezimbabwemail Thursday, May 28, 2020 6:51:00 PM EAT

John Mangudya said : “There’s a demon in this country causing economic instability,” External link

thezimbabwemail Thursday, May 28, 2020 6:51:00 PM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said : “There’s a demon in this country causing economic instability,” External link

newsday Thursday, May 28, 2020 3:20:00 PM EAT

John Mangudya said : "There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy," External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said ( about Oh God ) : "I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics'" External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said : "There's a demon in this country causing economic instability," External link

bulawayo24 Thursday, May 28, 2020 10:16:00 AM EAT

John Mangudya said : "The challenge has been resolved. We have found a sustainable solution to manage the availability of cash to be used to purchase the gold," External link

allafrica Thursday, May 28, 2020 5:22:00 AM EAT

John Mangudya said : “FIU is working flat out to code trace the root causes behind the current parallel exchange rate hikes which have hit alarming levels,” External link

thezimbabwemail Tuesday, May 26, 2020 3:04:00 PM EAT

John Mangudya said : “what we are seeing on the streets are just symptoms of a challenge” External link

thezimbabwemail Sunday, May 24, 2020 4:55:00 AM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya added ( about Financial Intelligence Unit ) : “Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 because it is now an industry and we cannot catch it,” “We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya said : “It is not about policy missteps, it is behavioural economics killing this country” External link

zimeye Thursday, May 21, 2020 9:04:00 PM EAT

John Mangudya said : “There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy,” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya added ( about Financial Intelligence Unit ) : “Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 because it is now an industry and we cannot catch it,” “We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya said : “It is not about policy missteps, it is behavioural economics killing this country” External link

newsday Thursday, May 21, 2020 6:38:00 PM EAT

John Mangudya said : “Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence,” External link

BFTOnline Thursday, May 21, 2020 3:29:00 PM EAT

John Mangudya said : “It is not about us hating the mobile platforms, but what happens there is more like Sodom and Gomorrah. You ask yourself what is happening and there is no clear answer. We are very concerned. It’s more like shadow banking and when that happens, it becomes a serious threat to the economy,” External link

dailynews-co-zw Thursday, May 21, 2020 1:00:00 PM EAT

John Mangudya said : "There is some asymmetric economic warfare which cannot be touched or seen and it is more like the coronavirus warfare of the economy," External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya added ( about Financial Intelligence Unit ) : "Even if we put the official rate at 1:50 today, those guys will wake up tomorrow and put it at 1:60 be-cause it is now an industry and we cannot catch it," "We need to exorcise that industry and that is why we are serious as the Financial Intelligence Unit to look at the root cause. There is high unemployment, but Zimbabwean people are industrious and because it is a resilient economy they will find a shadow money market where they would work" External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya said : "It is not about policy missteps, it is behavioural economics killing this country" External link

bulawayo24 Thursday, May 21, 2020 10:24:00 AM EAT

John Mangudya said : "There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25," "The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators" External link

bulawayo24 Thursday, May 21, 2020 9:26:00 AM EAT

John Mangudya said : “There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25,” “The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators” External link

zimeye Thursday, May 21, 2020 8:25:00 AM EAT

John Mangudya said : “There is need for the country to boost production and therefore job creation. The black market is now an industry as people are jobless. A few transactions on the black market can easily push the parallel market rate. The official rate remains at 25,” “The parallel market rate is going up because forex dealers have been active during the lockdown, especially through mobile money transactions, which is one of the reason why we moved to block suspicious mobile agent lines. We have nothing against the mobile money operators” External link

herald Thursday, May 21, 2020 7:01:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

insiderzim Thursday, May 21, 2020 6:57:00 AM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

thezimbabwemail Wednesday, May 20, 2020 10:03:00 PM EAT

John Mangudya said ( about Oh God ) : “I pray for Zimbabwe each morning, saying, ‘Oh God, help Zimbabweans understand economics’,” External link

zimeye Wednesday, May 20, 2020 9:17:00 PM EAT

John Mangudya said : “The FIU has now referred the matter to the law enforcement authorities to carry out any further investigations and to deal with the wrongdoer(s) in terms of the law. Meanwhile, the bank would like to express its appreciation to the public for the cooperation in received on this matter,” External link

herald Tuesday, May 19, 2020 7:15:00 PM EAT

John Mangudya said : “Banks have been directed to ensure that the withdrawal limits are strictly observed. The (central) bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law,” External link

newsday Saturday, May 16, 2020 12:38:00 PM EAT

John Mangudya said : "The RBZ wishes to advise the public that the $10 and $20 bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020," External link

bulawayo24 Saturday, May 16, 2020 9:19:00 AM EAT

John Mangudya said : “The bank will not tolerate any abuse of currency and will decisively deal with any such abuse in terms of the law,” External link

newsday Saturday, May 16, 2020 12:17:00 AM EAT

John Mangudya said : “The RBZ wishes to advise the public that the $10 and $20 dollar bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: -the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020,” “The features of the said banknotes will be publicised prior to circulation” External link

zimeye Friday, May 15, 2020 9:27:00 PM EAT

John Mangudya said : “The Bank also advises that it has revised withdrawal limits upwards from $300 per week to $1000 per week with effect from 19 May 2020,” External link

zimeye Friday, May 15, 2020 9:27:00 PM EAT

John Mangudya said : “The RBZ wishes to advise the public that the $10 and $20 dollar bank notes issued on 14 May 2020 through Statutory Instrument 103A of 2020 will come into circulation as follows: -the $10 bank notes will commence circulation on Tuesday, 19 May 2020, the $20 bank notes will be in circulation by the first week of June 2020,” “The features of the said banknotes will be publicised prior to circulation” External link

thezimbabwemail Friday, May 15, 2020 8:10:00 PM EAT

John Mangudya said : “The Bank also advises that it has revised withdrawal limits upwards from $300 per week to $1000 per week with effect from 19 May 2020,” External link

thezimbabwemail Friday, May 15, 2020 8:10:00 PM EAT

John Mangudya said : “As the central bank, we have imported the required amount of fuel but the fact that most people are still under lockdown and are restricted to movements; fuel consumption has gone down by 40% in the last month. As you can notice there are very few queues if not nothing at all as very few businesses are not operating at full throttle, as some staffers are still at lockdown,” External link

thezimbabwemail Thursday, May 14, 2020 6:42:00 PM EAT

John Mangudya said : "A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out," External link

allafrica Monday, May 11, 2020 4:39:00 PM EAT

John Mangudya said : "A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out," External link

bulawayo24 Monday, May 11, 2020 10:31:00 AM EAT

John Mangudya said : “A grey area is not a blacklist. A blacklist is for high risk and uncooperative countries. Zimbabwe is not unique on this grey area list as other countries from the region and beyond that have so far undergone the FATF assessment are or have been on the list while others will be added as and when the results of their assessments come out,” External link

herald Monday, May 11, 2020 1:50:00 AM EAT

John Mangudya said : “In effect, the delays allow a certain person, who was the subject matter of an investigation, to buy and sell foreign currency in the intervening period,” External link

dailynews-co-zw Sunday, May 10, 2020 2:00:00 PM EAT

John Mangudya said : “They are not even supposed to be dealing with such figures in any case,” External link

thestandard-zw Sunday, May 10, 2020 9:15:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe (RBZ) in collaboration with the Financial intelligence Unit of Zimbabwe (FIU) is keen to interview the man to establish the circumstances under which he came to be in possession of the cash," "The Bank is offering a financial reward to the first person who will provide information leading to the positive identification and location of the man in the video. The man is also called to come forward and present himself to the FIU to assist with investigations" External link

bulawayo24 Friday, May 8, 2020 2:40:00 AM EAT

John Mangudya added ( about Samora Machel ) : "Anyone with such information can contact Tichafa Chigaba on 0772 207 310 in strict confidence or in person to the FIU offices at 4th floor, Reserve Bank of Zimbabwe, 80 Samora Machel Avenue, Harare," External link

bulawayo24 Friday, May 8, 2020 2:40:00 AM EAT

John Mangudya said : "Members of the public must know that the RBZ will never hand over cash directly to anyone. Our clients are banks and I believe the investigations which are underway will expose the errant banks behind fuelling such activities," External link

allafrica Thursday, May 7, 2020 12:35:00 PM EAT

John Mangudya said : “If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information,” External link

zimeye Sunday, May 3, 2020 11:47:00 AM EAT

John Mangudya said : “Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars,” External link

zimeye Sunday, May 3, 2020 11:47:00 AM EAT

John Mangudya said : “They are not even supposed to be dealing with such figures in any case,” External link

thestandard-zw Sunday, May 3, 2020 9:48:00 AM EAT

John Mangudya said : “If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information,” External link

thezimbabwemail Thursday, April 30, 2020 5:36:00 PM EAT

John Mangudya said : “Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars,” External link

thezimbabwemail Thursday, April 30, 2020 5:36:00 PM EAT

John Mangudya said : "If there is anyone involved in corrupt activities, the bank takes very stern measures against such malpractice and the socalled informer should approach the bank with the necessary information," External link

bulawayo24 Thursday, April 30, 2020 2:21:00 PM EAT

John Mangudya said : "Bureaux de change are licenced in terms of the Exchange Control (Authorised Dealer with Limited Authority) Order published in the Statutory Instrument 104 of 2015 which is complemented by Operational Guidelines for Bureaux de Change. The Operational Guidelines for Bureaux de Change provide for specific requirements and incorporates operational improvements to the framework that is done through Exchange Control Directives and Circulars," External link

bulawayo24 Thursday, April 30, 2020 2:21:00 PM EAT

John Mangudya said : “Applicants, through their authorised dealers, are therefore, required to comply with these guidelines to facilitate closure of the processing of applications under the blocked funds framework,” External link

newsday Tuesday, April 21, 2020 7:27:00 AM EAT

John Mangudya said : “The document should therefore be disregarded,” External link

dailynews-co-zw Saturday, April 18, 2020 8:01:00 PM EAT

John Mangudya added : “Accordingly, the Bank has suspended him, with immediate effect, and has commenced disciplinary proceedings against him,” External link

dailynews-co-zw Saturday, April 18, 2020 8:01:00 PM EAT

John Mangudya said : “The decision in respect of the extension of the above service is to allow for the receipt of foreign currency remittances, which cannot be transacted on any digital electronic platforms,” External link

herald Wednesday, April 8, 2020 3:47:00 AM EAT

John Mangudya added : “The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy,” External link

thestandard-zw Thursday, April 2, 2020 3:56:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe (the Bank), would like to advise the public that it is making it easier for the transacting public to conduct business during this difficult period by making available an option to use free funds to pay for goods and services chargeable in local currency," External link

polandsun Friday, March 27, 2020 10:25:00 PM EAT

John Mangudya added : "The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy," External link

miningweekly Friday, March 27, 2020 11:48:00 AM EAT

John Mangudya added : "The government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy," External link

4-traders Friday, March 27, 2020 11:31:00 AM EAT

John Mangudya said : "In its place (managed float system) the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of ZW$25 to the US-dollar. This measure will be reviewed when markets stabilise from the effects of COVID-19," External link

bulawayo24 Friday, March 27, 2020 10:48:00 AM EAT

John Mangudya said : “Related to the above measures, government, through the bank, has suspended the managed floating exchange rate system to provide for greater certainty in the pricing of goods and services in the economy. In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of ZWL$25 to the US$. This measure will be reviewed when markets stabilise from the effects of COVID-19,” External link

newsday Friday, March 27, 2020 10:43:00 AM EAT

John Mangudya said : “In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of $25 to the US dollar. This measure will be reviewed when markets stabilise from the effects of Covid-19,” External link

zimeye Friday, March 27, 2020 7:58:00 AM EAT

John Mangudya said : “Whilst the legal instrument to bring the above measures into effect is being finalised, the bank urges the transacting public and producers of gold, tobacco and cotton to fully embrace electronic payment platforms as we fight the spread of COVID-19,” External link

zimeye Friday, March 27, 2020 7:58:00 AM EAT

John Mangudya said : “In its place, the bank has, with immediate effect, adopted a fixed exchange rate system at the current interbank level of $25 to the US dollar. This measure will be reviewed when markets stabilise from the effects of Covid-19,” External link

herald Friday, March 27, 2020 5:54:00 AM EAT

John Mangudya said : “Whilst the legal instrument to bring the above measures into effect is being finalised, the bank urges the transacting public and producers of gold, tobacco and cotton to fully embrace electronic payment platforms as we fight the spread of COVID-19,” External link

herald Friday, March 27, 2020 5:54:00 AM EAT

John Mangudya said : “In order to ensure that banking and payment services continue to be available at all times, while promoting crowd containment and social distancing, financial service providers should ensure uninterrupted access to online banking and payment services including point-of-sale, international payments, real time gross settlement, mobile banking, mobile money payments and remittance services,” External link

newsday Monday, March 23, 2020 3:25:00 PM EAT

John Mangudya said : "The fuel sector accesses foreign exchange through letters of credit (LCs). The LC facility has assisted the country to import critical requirements in the face of an acute shortage of foreign exchange. It is essentially a deferred payment instrument that allows the country to bring in fuel or any commodity with final repayment spread to about 90–180 days," External link

bulawayo24 Saturday, March 21, 2020 12:39:00 AM EAT

John Mangudya said : "In terms of the coronavirus, many of you are worried that Zimbabwe, with its economy that is already not performing well, will further decline. God works in mysterious ways," "The price of fuel, which is one product that government spends a lot to import, has dropped to US$0,30 from US$0,40 per barrel. Zimbabwe imports fuel worth US$1,5 billion per year, and since the price of fuel has gone down it means that for one US dollar we are going to get more and the biggest chunk of foreign currency which is consumed by fuel will go to other things" External link

bulawayo24 Monday, March 16, 2020 9:29:00 PM EAT

John Mangudya said : "You cannot attract an investor to come into a country with high inflation, instability of the exchange rate and corruption. So, what we are trying to do is to build blocks for those investors to come," External link

bulawayo24 Sunday, March 15, 2020 3:10:00 AM EAT

John Mangudya said : “Way forward to stabilise prices and exchange rate include a sound fiscal position to limit monetisation of fiscal deficit, commitment to monetary targetting framework to contain money supply growth, issuing attractive money market instruments to enhance the store of value function of the local currency, promoting the use of free funds through formal means to make sure that we use that USD 1 billion which comes through remittances. We are trying to put value on people’s money, it is all about value preservation and give reaffirmation that money is not being printed in Zimbabwe. Empowering bureaux de change to complement banks in transparency trading of foreign currency and promoting productive sector lending through appropriate incentives to banks,” External link

zbc Friday, March 13, 2020 11:40:00 AM EAT

John Mangudya said : "The monetary factors cannot fully explain the depreciation of the local currency which means that there is another X-factor, which is called the residual factor in statistics," "That residual factor seems to be bigger than the role played by monetary authorities in this economy. Who are those moving the exchange rate and for what purpose? So what we are saying is that the Zimbabwe foreign exchange market seems to be a complex market where non-monetary factors and monetary factors seem to be playing themselves out and then they come up with an exchange rate. This is what we are studying and we need to go deeper into the issue" External link

bulawayo24 Friday, March 13, 2020 9:55:00 AM EAT

John Mangudya said : "The monetary factors cannot fully explain the depreciation of the local currency which means that there is another X-factor, which is called the residual factor in statistics," "That residual factor seems to be bigger than the role played by monetary authorities in this economy. Who are those moving the exchange rate and for what purpose? So what we are saying is that the Zimbabwe foreign exchange market seems to be a complex market where non-monetary factors and monetary factors seem to be playing themselves out and then they come up with an exchange rate. This is what we are studying and we need to go deeper into the issue" External link

bulawayo24 Friday, March 13, 2020 9:55:00 AM EAT

John Mangudya said : “The major market for tobacco is China; we do hope and pray the prices would remain the same,” External link

thezimbabwemail Thursday, March 12, 2020 4:54:00 PM EAT

John Mangudya said : “There is commitment to ensure that it is done immediately,” External link

herald Thursday, March 12, 2020 2:26:00 AM EAT

John Mangudya said : “De-dollarisation is a gradual movement from dollarisation. When we introduced the interbank rate on 22 February 2019, that was the beginning of the journey to de-dollarise. De-dollarisation is a process, not an event other countries take 10 to 15 years, for example, our neighbours Zambia took 5-6 years and Democratic Republic of the Congo (DRC) they are still on at the moment,” External link

zbc Wednesday, March 11, 2020 5:18:00 PM EAT

John Mangudya explained : “There is no inconsistency in that regard, some companies are trading in foreign currency, some are being taxed in foreign currency, it is a process. What is left is having timelines. We are all aware that 60 percent of the economy is informal and 40 percent is formal and there is too much money in the informal economy. So, this is a way of taking foreign currency to the formal economy when they buy fuel in foreign currency,” External link

zbc Wednesday, March 11, 2020 5:18:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

newsday Friday, March 6, 2020 5:53:00 PM EAT

John Mangudya said : “The bank remains committed to the implementation of the monetary targeting framework under its tight monetary stance and is targeting reserve money growth of 10-15 percent by the end of 2020,” External link

zimeye Thursday, March 5, 2020 7:25:00 PM EAT

John Mangudya said : “The decline of the value of the local currency was largely due to various factors including low business and customer confidence, low production levels within the economy and the impact of macroeconomic shocks such as drought and Cyclone Idai,” External link

zimeye Thursday, March 5, 2020 7:25:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

zimeye Thursday, March 5, 2020 3:09:00 PM EAT

John Mangudya said ( about Monetary Policy ) : "The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board's Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF," External link

bulawayo24 Thursday, March 5, 2020 1:28:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The bank notes, with concern, that the article seeks to fabricate an International Monetary Fund Executive Board’s Report on the Article IV Consultation for Zimbabwe which development is quite unfortunate and disrespectful of the IMF as an institution and the Republic of Zimbabwe as a member of the IMF,” External link

newsday Thursday, March 5, 2020 9:01:00 AM EAT

John Mangudya said : "The bank remains committed to the implementation of the monetary targeting framework under its tight monetary stance and is targeting reserve money growth of 10-15 percent by the end of 2020," External link

bulawayo24 Thursday, March 5, 2020 8:45:00 AM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

theCitizen Tuesday, March 3, 2020 3:49:00 PM EAT

John Mangudya said : “The bank shall, therefore, continue to provide incentives to promote and defend the use of the local currency within the economy in order to support the de-dollarisation process,” External link

newsday Tuesday, March 3, 2020 3:00:00 PM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

thezimbabwemail Tuesday, March 3, 2020 2:52:00 PM EAT

John Mangudya told : “The issue is basically about supply and demand,” External link

EastAfrican Tuesday, March 3, 2020 12:37:00 PM EAT

John Mangudya said : "There is no secrecy in the payment of the gold incentive scheme by government through the Bank," External link

bulawayo24 Tuesday, March 3, 2020 9:14:00 AM EAT

John Mangudya said : “The country requires around US$100m a month and US$1.2bn to import fuel yearly and we are working flat out to ensure that the funds are readily available for the economy to be productive,” “Manufacturing needs a great deal of fuel, mining also needs a great deal amount of fuel and the generality of the population also need fuel to be productive in their various disciplines” External link

thezimbabwemail Thursday, February 27, 2020 7:45:00 PM EAT

John Mangudya said : "The country requires around US$100m a month and US$1.2bn to import fuel yearly and we are working flat out to ensure that the funds are readily available for the economy to be productive," "Manufacturing needs a great deal of fuel, mining also needs a great deal amount of fuel and the generality of the population also need fuel to be productive in their various disciplines" External link

bulawayo24 Thursday, February 27, 2020 3:19:00 PM EAT

John Mangudya said : "As a Government, we have defined where we are going, and that is the de-dollarisation route," External link

bulawayo24 Wednesday, February 26, 2020 8:15:00 PM EAT

John Mangudya said : “We will be monitoring and giving feedback. We are not going backwards,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya explained : “It disappoints my heart that we import things that we can make on our own … The problem is we have too many abusers and too much arbitrage in the country,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya said : “We are liberalising the bureau de changes so that they will at least provide small businesses and individuals who need foreign currency to travel and conduct business. We have been having meetings and we will be putting mechanisms to monitor against arbitrage,” External link

dailynews-co-zw Tuesday, February 25, 2020 8:17:00 PM EAT

John Mangudya said : "The money supply in the economy is such that it is $39,5 billion and of that, $12 billion is foreign currency and $22 billion is local currency," "The $39,5 billion also reflects deposits held by the banks of $34,5 billion, of which 50% of that is owned by around 200 entities and their deposits range from $2 million to $2 billion," External link

bulawayo24 Tuesday, February 25, 2020 10:52:00 AM EAT

John Mangudya said : “The illicit transactions are always not good for the country and it is our zeal to focus on removing such activities,” External link

thezimbabwemail Tuesday, February 25, 2020 3:03:00 AM EAT

John Mangudya said : “The illicit transactions are always not good for the country and it is our zeal to focus on removing such activities,” External link

zbc Monday, February 24, 2020 8:12:00 PM EAT

John Mangudya said : “This is critical to ensure that confidence is maintained and increased and that the local currency is not alienated,” External link

dailynews-co-zw Monday, February 24, 2020 6:24:00 PM EAT

John Mangudya said : "The banking sector performed satisfactorily during the year ended 31 December 2019, as reflected by improved capital levels and earnings performance, as well as satisfactory asset quality and liquidity," "Financial soundness indicators for the period under review are total loans and advances, which creeped to $12,63 billion from $8,3 billion in the third quarter ended September 30, 2019 while total assets were $60,6 billion at the close of 2019" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "The banking sector remained adequately capitalised with the average capital adequacy and tier 1 ratios of 39,56 percent and 27,87 percent as at December 31, 2019, respectively, above the regulatory minimum of 12 percent and 8 percent, respectively. " External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "As a Government, we have defined where we are going, and that is the de-dollarisation route," "Because it's a process and not an event, we are saying as the central bank that we believe within five years, we will complete de-dollarisation. By de-dollarisation we are not saying there will be no more foreign currency in circulation; that is a wrong definition of de-dollarisation because if you look at those countries that have de-dollarised, for instance Zambia, Cameroon, Ethiopia, they still accept foreign currency and you can still open a foreign currency account" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : "Right now, it's too early to expect everyone to be using the local currency after 10 years in dollarisation," "Once inflation stabilises and we have a stable environment, people will be happy to use the Zimbabwe dollar" External link

bulawayo24 Monday, February 24, 2020 10:17:00 AM EAT

John Mangudya said : “As a Government, we have defined where we are going, and that is the de-dollarisation route,” External link

zimeye Monday, February 24, 2020 7:30:00 AM EAT

John Mangudya said : “So don’t condemn people on why they are using free funds. Free funds have always been there even during the 2008 hyperinflation,” External link

zimeye Monday, February 24, 2020 7:30:00 AM EAT

John Mangudya said : “Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation,” External link

zimeye Sunday, February 23, 2020 12:59:00 PM EAT

John Mangudya said : "In an inflationary environment, it is difficult to get enough cash for everyone, but we are working towards that. We are continuously increasing the cash supply. We expect banks to give us their level of demand then we give them cash. We want to engage them more and continuously address the cash shortages," External link

bulawayo24 Sunday, February 23, 2020 11:42:00 AM EAT

John Mangudya said : "My answer is yes, that is our desired trajectory and that is where we are going. But at the same time, we still believe in a cashless society and we want to see a reduction in the cost of doing digital transactions. There are too many variables which are there in the economy" External link

bulawayo24 Sunday, February 23, 2020 11:42:00 AM EAT

John Mangudya said : “In an inflationary environment, it is difficult to get enough cash for everyone, but we are working towards that. We are continuously increasing the cash supply. We expect banks to give us their level of demand then we give them cash. We want to engage them more and continuously address the cash shortages,” External link

zimeye Sunday, February 23, 2020 11:26:00 AM EAT

John Mangudya said : “The bank also advised of gradually injecting additional notes and coins into the economy to lessen the inconvenience caused by the shortages of physical cash to the transacting public. In addition, the bank introduced credit enhancing measures to incentivise and encourage banks to lend long term,” External link

zimeye Sunday, February 23, 2020 11:26:00 AM EAT

John Mangudya said : "Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation," External link

onlinenigeria Saturday, February 22, 2020 9:01:00 PM EAT

John Mangudya said : "Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation," External link

bulawayo24 Saturday, February 22, 2020 8:32:00 PM EAT

John Mangudya said : “Under these circumstances, the use of free funds for domestic transactions should not be confused as going back to dollarisation but as a pragmatic transition or approach to de-dollarisation,” External link

dailynews-co-zw Saturday, February 22, 2020 5:07:00 PM EAT

John Mangudya said : “Banking institutions are encouraged to re-orient their lending portfolios to the productive sectors of the economy. Banking institutions are encouraged to partner with the private sector across the value chains, as part of the strategy to increase productivity and export earnings in the national economy. Financial institutions are expected to increase their support to the micro, small and medium enterprises (MSMEs) in order to deepen financial inclusion,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “In this regard, banking institutions and microfinance institutions are required to submit to the bank (RBZ) detailed strategies to support the productive sector during the period 2020-2021,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “Our task is we stabilise inflation and stabilise the exchange rate. We expect month-on-month inflation will continue to come down until the end of the year,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : “Most of the inflation is caused by non-monetary factors. That is expectations – that ‘I lost money in 2008’,” External link

dailynews-co-zw Saturday, February 22, 2020 3:02:00 PM EAT

John Mangudya said : "Gold deliveries to Fidelity Printers and Refiners (FPR) for the period January to 31 December 2019 were 27, 66 tonnes, a decline of 17 percent from 33, 29 tonnes recorded during the same period in 2018," External link

bulawayo24 Wednesday, February 19, 2020 10:03:00 AM EAT

John Mangudya said : "It is this liquidity or stock of money that is the key focus area that the bank is mandated to manage to ensure that it does not cause inflation and/or bring volatility to the exchange rate," "Focusing on liquidity management becomes even more critical especially in the context under which around 50 percent of this ZW$34,5 billion is concentrated on only 200 entities while the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap" External link

bulawayo24 Wednesday, February 19, 2020 10:03:00 AM EAT

John Mangudya said : “None in this room have excess real time gross settlement,” External link

newsday Wednesday, February 19, 2020 12:06:00 AM EAT

John Mangudya said : “The effective date of compliance with the new minimum capital requirements is December 31, 2020. For new applications for bank or microfinance licences, the new minimum capital requirements are applicable with immediate effect. Banking institutions are, therefore, required to submit capital plans to the (central) bank by June 30, 2020, clearly indicating their chosen strategy,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said : “Those 200 entities, they range from the lowest with $2 million while the highest has around $1,5 billion,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “They can’t even give money for private sector funding, this is why (Monetary Policy Committee) MPC is supplementing $1,5 billion so that the banks continue to lend. People with excess money in their pockets are the ones who want to buy money (on the black market) to preserve value,” External link

dailynews-co-zw Tuesday, February 18, 2020 8:12:00 PM EAT

John Mangudya said : “The Bank has, therefore, no appetite at all to tamper with the legal status of the public’s foreign currency accounts,” “Allowing the use of free funds within the national economy for the payment of customs duties on selected products, paying for emergency passports, procurement of basic commodities such as food items and fuel, under the direct fuel (DFI) scheme, should not be misconstrued as going back to dollarisation, but rather as common good for the country to promote the inflow of free funds from the diaspora, and necessary to buttress the confidence that is needed under the de-dollarisation process,” External link

dailynews-co-zw Tuesday, February 18, 2020 6:14:00 PM EAT

John Mangudya said : “This is in line with other countries’ experiences on de-dollarisation,” External link

dailynews-co-zw Tuesday, February 18, 2020 6:14:00 PM EAT

John Mangudya said : "The stable exchange rate is set to anchor the country's disinflation programme through which monthly inflation is forecast to close the first quarter in single digit levels of below five percent. This trend will see the year-on-year inflation coming down to around 50 percent by December 2020," "The confidence dividends from preserving the anchors of macro-economic stability, notably, inflation and exchange rate stability will help to manage inflation expectations and foster a conducive environment for increased production and productivity within the national economy, thus, underpinning the thrust of the 2020 National Budget" External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "The bank is encouraged by the positive de-dollarisation process that has been taking place in the country," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "The unfettered or unrestrained use of free funds is in line with regional and international best practices as free funds are outside the exchange control territory of the country. Free funds play a catalytic role in enhancing confidence in the foreign exchange market and in promoting economic development," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "These measurements of the proportion of the use of the local currency in the economy show that the country is on a right trajectory to de-dollarisation," "The Bank shall, therefore, continue to provide incentives to promote and defend the use of the local currency within the economy in order to support the de-dollarisation process" External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : "Focusing on liquidity management becomes critical especially the context under which around 50 percent of this $34,5 billion is concentrated on only 200 entities, whilst the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap," External link

bulawayo24 Tuesday, February 18, 2020 8:54:00 AM EAT

John Mangudya said : “Focusing on liquidity management becomes critical especially the context under which around 50 percent of this $34,5 billion is concentrated on only 200 entities, whilst the majority of the Zimbabwean population is struggling to make ends meet in an economy with a huge output gap,” External link

herald Tuesday, February 18, 2020 1:59:00 AM EAT

John Mangudya said : “The bank believes that the macro-economic signals that include fiscal and monetary discipline, prospects of positive economic growth and lower inflation are improving to support a gradual de-dollarisation process within a time-frame of five years,” External link

insiderzim Monday, February 17, 2020 10:45:00 PM EAT

John Mangudya said : "The bank believes that the macro-economic signals that include fiscal and monetary discipline, prospects of positive economic growth and lower inflation are improving to support a gradual de-dollarization process within a timeframe of five years. This is in line with other countries' experiences on de-dollarization," External link

xinhuanet_en Monday, February 17, 2020 6:09:00 PM EAT

John Mangudya said : “Government through the bank is committed to orderly settlement of blocked funds – cash flows generated in Zimbabwe by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages or commonly referred to as foreign exchange legacy liabilities,” “To date, Exchange Control has processed and validated blocked funds in an amount of US$1.2 billion from 730 applicants out of 1 080 requests” External link

zbc Monday, February 17, 2020 5:08:00 PM EAT

John Mangudya said : “These non-monetary factors are grounded on the public’s past negative experiences with inflation. In addition, the Bank is committed to improving the depth and efficiency of the interbank foreign exchange market with a view to enhancing its efficacy and thus ensuring a credible, predictable and sustainable exchange rate determination framework. This will produce stability and enhance confidence in the foreign currency market,” External link

zbc Monday, February 17, 2020 5:08:00 PM EAT

John Mangudya said : “Our task is we stabilize inflation and stabilize the exchange rate. We expect month-on-month inflation will continue to come down until the end of the year,” External link

dailymaverick Monday, February 17, 2020 4:51:00 PM EAT

John Mangudya said : “Most of the inflation is caused by non-monetary factors. That is expectations – that ‘I lost money in 2008’,” “This is a once-beaten, twice-shy scenario. These are things that shape inflation in Zimbabwe” External link

dailymaverick Monday, February 17, 2020 4:51:00 PM EAT

John Mangudya said : "It's a process, you don't just cut and everything falls into place, it does not happen like that," External link

bulawayo24 Sunday, February 16, 2020 11:47:00 AM EAT

John Mangudya said : “Already, engagements have been done with commercial banks to ensure smooth implementation of this system. Currently, banks are working on a user-test environment to enhance the efficiency of this foreign exchange trading system,” External link

dailynews-co-zw Friday, February 14, 2020 7:06:00 PM EAT

John Mangudya told : “We don’t know the intention of people who are circulating these messages, but I want to assure the nation that the multi-currency system is here to stay and we have no intention to exchange depositors’ funds,” External link

dailynews-co-zw Friday, February 7, 2020 10:08:00 AM EAT

John Mangudya said : “The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions,” External link

standardmedia Sunday, January 26, 2020 10:54:00 AM EAT

John Mangudya said : "The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions, particularly on the EcoCash platform," External link

onlinenigeria Saturday, January 25, 2020 11:32:00 PM EAT

John Mangudya said : "The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions," External link

4-traders Saturday, January 25, 2020 5:12:00 PM EAT

John Mangudya said : “The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions, particularly on the EcoCash platform,” External link

newsday Saturday, January 25, 2020 7:22:00 AM EAT

John Mangudya said : "The MPC noted the need for banks to hold sufficient capital to ensure continued stability and soundness of the financial services sector, as well as ensuring that banks continue to be able to underwrite financial transactions that are necessary for improving production and productivity," "Tier 1 banks which refers to large indigenous commercial banks and all foreign banks, US$30 million; Tier 2 — commercial banks, merchant banks, building societies, development banks, finance and discount houses, US$20 million; Tier 3 — deposit-taking microfinance banks, US$5 million; and credit only microfinance institutions, US$25 000" External link

bulawayo24 Thursday, January 23, 2020 10:13:00 AM EAT

John Mangudya said : "This amount is well within the committee's initial target of ZWL$1 billion agreed in 2019. The bank shall continue to administer this facility while taking appropriate measures to limit its impact on inflation and the exchange rate," External link

bulawayo24 Thursday, January 23, 2020 10:13:00 AM EAT

John Mangudya said : “So our story is very simple. Let’s keep moving; let’s keep praying for the country and let’s increase love among each other; for with love nothing is impossible. We want the spirit of togetherness, it helps on the monetary side, it makes it makes it much easier for us,” External link

thezimbabwemail Friday, January 3, 2020 2:32:00 AM EAT

John Mangudya said : “The limitation (for increasing cash) is that the money needs to printed and the printing comes at a cost. It’s not done for free, we also need foreign currency to print money so we have to do it gradually otherwise it ends up being costly,” External link

thezimbabwemail Friday, January 3, 2020 2:32:00 AM EAT

John Mangudya said : “When I checked with the Ministry of Transport, they said anytime this year the two planes will be in Zimbabwe after refurbishment. The planes will be in the name of Air Zimbabwe because Zimbabwe Airways was more like a shelf company. We used to owe farmers and were afraid that those planes would be taken,” External link

newsday Friday, December 13, 2019 12:08:00 PM EAT

John Mangudya said : "In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework," External link

bulawayo24 Tuesday, December 3, 2019 11:16:00 AM EAT

John Mangudya said : “In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework,” External link

zimeye Tuesday, December 3, 2019 10:31:00 AM EAT

John Mangudya said : “In this regard, the Committee directed the Bank to re-calibrate the reserve money targeting framework,” External link

herald Tuesday, December 3, 2019 3:01:00 AM EAT

John Mangudya said : “Consequently, the committee resolved to revise the bank policy rate from 70 to 35 percent with effect from November 20, 2019. This position will be reviewed at future meetings,” External link

herald Wednesday, November 20, 2019 2:13:00 AM EAT

John Mangudya said : “The committee also underscored the need to incorporate bureaux de change in the process in order to expand, deepen and enhance the operational efficiency of the interbank market. In addition, the committee agreed to launch the market tracker under the Reuters system, which is intended to enhance transparency in the operation of the interbank market by end of November 2019,” External link

herald Wednesday, November 20, 2019 2:13:00 AM EAT

John Mangudya said : “emphasised the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

businessday Tuesday, November 19, 2019 12:32:00 PM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

businessday Tuesday, November 19, 2019 12:32:00 PM EAT

John Mangudya said : “emphasized the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

news-yahoo Tuesday, November 19, 2019 9:33:00 AM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

news-yahoo Tuesday, November 19, 2019 9:33:00 AM EAT

John Mangudya said : “The committee emphasised the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system. To this end, the bank policy rate, currently at 70 percent, requires review. The committee resolved to revise the bank policy rate from 70 percent to 35 percent, with effect from November 20. This position would be further reviewed at future committee meetings,” External link

zbc Tuesday, November 19, 2019 5:11:00 AM EAT

John Mangudya said : “This economy is more like a dual economy now, it has an informal sector, which is about 60 percent and the formal sector, which is about 40 percent. What is happening is that money comes from the formal to informal sector and gets trapped there,” External link

herald Tuesday, November 19, 2019 3:05:00 AM EAT

John Mangudya said : “emphasized the need for the bank to put in place measures to fund the productive sectors of the economy by redirecting excess liquidity in the financial system,” External link

thezimbabwemail Monday, November 18, 2019 9:40:00 PM EAT

John Mangudya said : “due to shocks caused by mainly adjustments of electricity and fuel prices,” External link

thezimbabwemail Monday, November 18, 2019 9:40:00 PM EAT

John Mangudya saying : “We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

thezimbabwemail Sunday, November 17, 2019 9:52:00 PM EAT

John Mangudya saying : “We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored.” External link

insiderzim Sunday, November 17, 2019 5:45:00 PM EAT

John Mangudya said : “We need to produce so that we can feed the nation, export and generate foreign exchange,” External link

zbc Friday, November 15, 2019 3:48:00 PM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe has taken note of pictures circulating on social media that show recently introduced $2 banknotes in sealed packs, suggesting that the notes are already being traded on the parallel market," External link

bulawayo24 Friday, November 15, 2019 10:14:00 AM EAT

John Mangudya said : "The procedure is such that banks transfer the equivalent amount of their cash requirements to the RBZ through the RTGS system. The banks will then collect the cash from the RBZ to their central cash deposits from where they distribute to their branch network," External link

bulawayo24 Friday, November 15, 2019 10:14:00 AM EAT

John Mangudya said : “Appropriate disciplinary measures shall be taken against the bank and the customer and anyone else found responsible for such malpractices which bring RBZ and the entire banking system into disrepute. Such malpractices cannot and should not be condoned,” External link

zbc Friday, November 15, 2019 12:28:00 AM EAT

John Mangudya said : “Appropriate disciplinary measures shall be taken against the bank and the customer and anyone else found responsible for such malpractices which bring RBZ and the entire banking system into disrepute. Such malpractices cannot and should not be condoned,” External link

zbc Thursday, November 14, 2019 6:50:00 PM EAT

John Mangudya told : “The retention issue will certainly be put under review, but a 100% retention will not be possible (because) these minerals are not owned by the miners, but by the government. Several of you miners have been coming to us giving us the challenges you are facing due to the 55%:45% retention thresholds. We understand the position you are coming from in terms of the fact that you are paying all of the services rendered to you in US dollars. What I can say now is that we are willing to review this issue of retention,” External link

newsday Thursday, November 14, 2019 11:42:00 AM EAT

John Mangudya said : “Where we are now as an economy, we do believe the economy is going through a transformative stage. During that transformation, you need to be careful because sometimes you might throw away the baby with the bath water not understanding where things are going,” “We think that we have reached the bottom of the austerity measures and therefore we are on a trajectory to now turn it around. If it was a U shape, we have reached the lowest position and we are now climbing up,” External link

herald Thursday, November 14, 2019 2:24:00 AM EAT

John Mangudya said : “It’s not true that there is no money (released to the market). The banks are collecting the money, so today (Monday) is the day for collection of the money. Those ones that were able to be served in the morning should be able to give their customers” External link

zimeye Wednesday, November 13, 2019 11:21:00 AM EAT

John Mangudya said : "Money moves from formal to informal sector; it gets trapped there," "So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges" External link

bulawayo24 Tuesday, November 12, 2019 11:13:00 AM EAT

John Mangudya said : "It's a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored" External link

bulawayo24 Tuesday, November 12, 2019 11:13:00 AM EAT

John Mangudya said : “Money moves from formal to informal sector; it gets trapped there,” “So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges” External link

herald Tuesday, November 12, 2019 5:57:00 AM EAT

John Mangudya said : “It’s a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

herald Tuesday, November 12, 2019 5:57:00 AM EAT

John Mangudya said : “Money moves from formal to informal sector; it gets trapped there,” “So, it means we need to make sure that the economy is formalised. We need to improve production to grow the circle of the formal sector. We need to address the structural challenges” External link

thezimbabwemail Tuesday, November 12, 2019 2:56:00 AM EAT

John Mangudya said : “It’s a must; our teams will be on the ground to ensure that compliance is done. We also need to ensure that shops that receive cash bank it in line with the Bank Use Promotion Act. Big outlets will be monitored” External link

thezimbabwemail Tuesday, November 12, 2019 2:56:00 AM EAT

John Mangudya said : “The fears that people are expressing on social media are a legacy of the hyperinflation era, but we assure them that there will be no repeat of that because there will be no increase in money supply; there is absolutely nothing to fear” External link

zimeye Sunday, November 10, 2019 3:04:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “In line with the pronouncement made in the 2019 Mid-Term Monetary Policy Statement and the Press statement of October 2, 2019 to increase the level of physical cash in circulation, the RBZ wishes to advise the public that with effect from November 11, 2019, it shall issue a two-dollar bond coin which will circulate alongside the two-dollar bond note,” External link

newsday Tuesday, November 5, 2019 9:53:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In line with the pronouncement made in the 2019 Mid-Term Monetary Policy Statement and the Press statement of October 2, 2019 to increase the level of physical cash in circulation, the RBZ wishes to advise the public that with effect from November 11, 2019, it shall issue a two-dollar bond coin which will circulate alongside the two-dollar bond note,” External link

zimeye Tuesday, November 5, 2019 8:13:00 AM EAT

John Mangudya said ( about Temba Mliswa ) : "During the meeting, I asked him (Goddard) whether he had anything in writing or in the form of text messages between him and Mliswa and he said he didn't have," "I then advised Mr Goddard to be careful when he has information that tarnishes people's image without any evidence" External link

bulawayo24 Saturday, November 2, 2019 10:02:00 AM EAT

John Mangudya said : “Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence,” External link

BFTOnline Friday, November 1, 2019 7:33:00 PM EAT

John Mangudya said : "Zimbabwe has the lowest (cash to deposits) ratio," "Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis" External link

bulawayo24 Friday, November 1, 2019 9:34:00 AM EAT

John Mangudya said : "We believe in a free market system," External link

bulawayo24 Friday, November 1, 2019 9:34:00 AM EAT

John Mangudya said : “Zimbabwe has the lowest (cash to deposits) ratio,” “Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis” External link

zimeye Friday, November 1, 2019 7:56:00 AM EAT

John Mangudya said : “We believe in a free market system,” External link

zimeye Friday, November 1, 2019 7:56:00 AM EAT

John Mangudya said : “That we have addressed, as the MPC, we deliberated on the matter extensively and came to the conclusion that we are satisfied with sterilisation of that money. Sterilisation is mopping of money from the market and putting it at the central bank to remove its effect of causing other havocs on the market,” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya said : “Zimbabwe has the lowest (cash to deposits) ratio,” “Zambia has 10 percent, Tanzania 15 percent, Rwanda 9,65 percent, Uganda 17,65 . . . We want to increase to 10 percent over the next six months on a drip feed basis” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya said : “We believe in a free market system,” External link

herald Friday, November 1, 2019 2:24:00 AM EAT

John Mangudya explained : “We need to concentrate on productivity and enhancing confidence within the economy. Apart from that we also need mind Reset from polarisation and negativity to the spirit of togetherness,” External link

zbc Thursday, October 31, 2019 6:51:00 PM EAT

John Mangudya told : “The committee noted that the volumes of trades conducted on the interbank market to date are significant but calls for further improvements,” External link

herald Thursday, October 31, 2019 2:11:00 AM EAT

John Mangudya said : “50 percent of the deposits are owned by 50 corporates. This is 50 percent of $ 19 billion. It is easy for us to monitor movements on those accounts,” “If left, they can cause suffering. We must not allow such a thing to happen. We are not targeting an individual, we are targeting those with energy to influence the market” External link

insiderzim Wednesday, October 30, 2019 11:52:00 PM EAT

John Mangudya said : “We will be introducing new $2 coins and $2 and $5 notes. These will not be bond notes but will be equivalent to the bond notes and will be similar in colour to the bond notes,” External link

thezimbabwemail Wednesday, October 30, 2019 7:33:00 PM EAT

John Mangudya told : “We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “We already have bond coins and notes in circulation, as well as $2 and $5 bond notes, but now we are going to have the already circulating bond coins and notes and the $2 new currency coins and $5 new currency notes,” “They are going to be used interchangeably at 1:1 rate and the new currency will not be in our bond notes (form), they will be called $2 or $5,” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “For now we will do the $2 notes, $5 notes and $2 coins so that they do not depreciate as soon as possible” External link

newsday Wednesday, October 30, 2019 2:45:00 PM EAT

John Mangudya said : “We are going to be releasing money into circulation. To be precise, within the next two weeks, we will have the new currency,” External link

citizen Wednesday, October 30, 2019 12:30:00 PM EAT

John Mangudya said : “Section 6 (1) (g) of the RBZ Act defines our functions, which is the stability of the exchange rate. Section 8 of the RBZ Act says the bank shall act as vendor to the State and carry transactions in such a manner that the State may require and make necessary arrangements. So all the instructions were authorised by the Finance minister,” External link

zimeye Wednesday, October 30, 2019 12:21:00 PM EAT

John Mangudya said : “The committee noted that the level of physical cash in the economy is inadequate to meet transactional demand, considering that the current proportion of cash to broad money supply of 4 percent is low compared to regional and international levels of 10-15 percent,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “In this regard, the committee noted with satisfaction the fact that the domestic economy in 2019 achieved new heights in terms of the utilisation of electronic systems for market transactions, however it felt there was the need to boost the domestic demand for cash,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “This is the reason the majority are struggling to afford basic commodities and banks are also constrained by their liquidity levels, while the productive sectors are short of liquidity. We have $19 billion in the market and half if that is being held by 50 companies which is not sustainable,” “To ensure transparency and effective monitoring, RBZ will shortly introduce the Reuters System for foreign exchange trading by all banks. Furthermore, the committee underscored the need for banks to out available foreign exchange balances on the market for trading purposes. In this respect the RBZ will also make efforts to increase the flow of foreign exchange to the market,” External link

zbc Wednesday, October 30, 2019 9:25:00 AM EAT

John Mangudya said : “In this regard, the committee noted with satisfaction the fact that the domestic economy in 2019 achieved new heights in terms of the utilisation of electronic systems for market transactions,” “However, the committee felt that there was a need to boost the domestic availability of cash for transactional purposes through a gradual increase in cash supply over the next six months” External link

herald Wednesday, October 30, 2019 2:07:00 AM EAT

John Mangudya said : “We thought of being conservative and we will graduate with time” External link

herald Wednesday, October 30, 2019 2:07:00 AM EAT

John Mangudya told : “For a start, we thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

themalaymailonline Tuesday, October 29, 2019 7:03:00 PM EAT

John Mangudya told : “We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time,” External link

zimeye Tuesday, October 29, 2019 6:54:00 PM EAT

John Mangudya told : "For a start, we thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time," External link

news-yahoo Tuesday, October 29, 2019 6:29:00 PM EAT

John Mangudya told : "We thought of being conservative (in introducing low denomination notes and coins) and we will graduate with time," External link

news-yahoo Tuesday, October 29, 2019 5:30:00 PM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

thezimbabwemail Monday, October 28, 2019 5:15:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?" External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Monday, October 28, 2019 9:36:00 AM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “Inflation was not high last year. All what I am saying is simple, during the time that you are referring to in 2015, 2016, 2017, 2018 this economy required stimulus of the fiscus to do what the Government of Zimbabwe through Cabinet has done. The Executive was right to spend this money. How do you expect the farmer to be paid?” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

herald Monday, October 28, 2019 1:54:00 AM EAT

John Mangudya responded : "When we go to the specifics, they will show that 90% of the TBs were generated by the RBZ, and as central bank governor, it means that you were oblivious that the Finance ministry was overspending, and on what legal basis did the RBZ breach the Constitution by spending US$2,1 billion in 2017 and US$1,5 billion in 2018 which was not approved by Parliament?" External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya responded : "The question should be referred to the Ministry of Finance who gave you the information. It is they who should answer to you. The money was not spent by the RBZ. We just get an instruction from the principal agent (Finance ministry) who wrote letters for us to issue payments for Command Agriculture, and it is the Ministry of Finance who should give you the reasons why" External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya insisted : "The answer is that the RBZ did not overspend. The Ministry of Finance should answer that question," External link

bulawayo24 Friday, October 25, 2019 4:10:00 PM EAT

John Mangudya responded : “When we go to the specifics, they will show that 90% of the TBs were generated by the RBZ, and as central bank governor, it means that you were oblivious that the Finance ministry was overspending, and on what legal basis did the RBZ breach the Constitution by spending US$2,1 billion in 2017 and US$1,5 billion in 2018 which was not approved by Parliament?” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya responded : “The question should be referred to the Ministry of Finance who gave you the information. It is they who should answer to you. The money was not spent by the RBZ. We just get an instruction from the principal agent (Finance ministry) who wrote letters for us to issue payments for Command Agriculture, and it is the Ministry of Finance who should give you the reasons why” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya insisted : “The answer is that the RBZ did not overspend. The Ministry of Finance should answer that question,” External link

newsday Friday, October 25, 2019 1:46:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Friday, October 25, 2019 12:59:00 PM EAT

John Mangudya said : "It does not inspire confidence that our MPs do not listen when others are talking," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : "We never spent any money that was not authorised," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : "Sometimes it is like a pot calling the kettle black," External link

bulawayo24 Friday, October 25, 2019 11:18:00 AM EAT

John Mangudya said : “It does not inspire confidence that our MPs do not listen when others are talking,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said : “Sometimes it is like a pot calling the kettle black,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said : “We never spent any money that was not authorised,” External link

thezimbabwemail Friday, October 25, 2019 2:13:00 AM EAT

John Mangudya said ( about Temba Mliswa ) : "During the meeting I asked him (Goddard) whether he had anything in writing or in the form of text messages between him and Mliswa and he said he didn't have," "I then advised Mr Goddard to be careful when he has information that tarnishes people's image without any evidence" External link

bulawayo24 Tuesday, October 22, 2019 10:01:00 AM EAT

John Mangudya declared : “Give us a chance to do what is right for this economy, to put it back on track. If these policy measures fail, if the bond notes do not work out, I’m willing to resign because I am genuine about getting the economy back on track” External link

newsday Wednesday, October 16, 2019 6:23:00 AM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe has noted with concern that false information is being circulated through the media suggesting that the bank has changed the policy and administrative arrangements regarding the treatment of Nostro accounts and cash withdrawals. This follows the release via social media of an FBC Bank internal document,” External link

herald Saturday, October 12, 2019 2:46:00 AM EAT

John Mangudya said : “This is to facilitate funding of the interbank market for the importation of critical imports for corporates and individuals without access to foreign exchange as is the case in other jurisdictions,” External link

herald Saturday, October 12, 2019 2:46:00 AM EAT

John Mangudya said : “The RBZ will be injecting cash into the economy without changing money supply,” External link

thezimbabwemail Friday, October 4, 2019 3:27:00 PM EAT

John Mangudya précisé : "La banque espère que l'inflation commencera à diminuer après la fin du cycle actuel d'inflation élevée, comme en témoigne l'atténuation des pressions liées à la dépréciation du taux de change, à la suite de la suppression du système multi-devises" External link

french.china.org.cn Friday, September 13, 2019 11:18:00 PM EAT

John Mangudya déclaré ( about John Mangudya ) : "La première partie de toute monnaie est de s'assurer qu'elle est acceptée dans son propre pays. Vous ne pouvez pas partir de l'extérieur, donc la confiance en votre monnaie commence d'abord chez vous ; quand elle est bien utilisée, quand vous avez une production élevée au Zimbabwe, quand vous avez une grande confiance et que vous avez également confiance qu'elle peut être acceptée dans d'autres pays " "Comment pouvez-vous vous attendre à ce que les gens au Malawi (par exemple) acceptent votre monnaie au Malawi alors que vous n'avez pas de production ? Ce qui souligne une monnaie, c'est la production et la confiance. Ce sont les deux facteurs qui sous-tendent une monnaie. Il ne s'agit pas de Mangudya qui imprime de l'argent, non" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT

John Mangudya ajouté : "La notification d'une nouvelle monnaie est une pratique courante, je ne vois pas pourquoi cela devrait même être un problème. Ils n'ont pas besoin d'accepter ou de refuser parce qu'il s'agit d'une notification. Vous informez votre homologue. Ce sont des questions de banque centrale, il est indispensable que lorsque vous changez de monnaie, vous devez indiquer que votre monnaie est maintenant en'ZWL' (dans le cas du dollar du Zimbabwe)" "Il s'agit d'une monnaie nationale pour le Zimbabwe. Si vous vous adressez au FMI (Fonds m onétaire international), il doit savoir quelle est la devise que vous utilisez, allez à la Banque mondiale, en Afrique du Sud. En tant que banques centrales, nous sommes d'accord pour dire que si votre argent se trouve dans une autre juridiction, vous vous attendez à ce qu'il soit repris d'où il vient, c'est-à-dire dans la pratique courante des banques" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT

John Mangudya déclaré : "Cette nouvelle position est nécessaire pour promouvoir l'utilisation efficace des devises, pour minimiser les risques d'arbitrage dans l'économie et pour les protéger" External link

infosplusgabon Tuesday, May 21, 2019 12:58:00 PM EAT

John Mangudya déclaré : ''La Banque a demandé aux banques d’appliquer efficacement le principe de consentement mutuel du vendeur et de l'acquéreur pour veiller à ce que le marché des changes interbancaire reflète les conditions du marché. En conséquence, les banques doivent veiller à ce qu'il n'y ait pas de danger moral dans le fonctionnement du marché interbancaire des changes'' External link

infosplusgabon Tuesday, May 21, 2019 12:58:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
governor79.83%EN10/29/201729/10/2017
chief5.00%EN10/28/201728/10/2017
finance minister0.23%EN09/30/201730/09/2017
reserve bank governor8.55%EN09/27/201727/09/2017
boss0.69%EN04/16/201716/04/2017
gov.0.15%EN11/22/201622/11/2016
reserve bank gov.0.08%EN11/22/201622/11/2016
zimbabwean reserve bank governor0.15%EN10/30/201630/10/2016
reserve bank chief0.23%EN10/08/201608/10/2016
reserve bank governor governor0.08%EN09/29/201629/09/2016
gouverneur1.08%FR09/16/201616/09/2016
governor of zimbabwe0.77%EN07/07/201607/07/2016
zimbabwe bank governor0.31%EN07/06/201606/07/2016
finance and economic development minister0.15%EN06/30/201630/06/2016
deputy0.08%EN06/29/201629/06/2016
minister prisca mupfumira and reserve bank governor0.15%EN06/27/201627/06/2016
ministre du commerce0.08%FR06/23/201623/06/2016
head0.15%EN06/21/201621/06/2016
successor0.08%EN06/13/201613/06/2016
patrick chinamasa and reserve bank governor0.23%EN06/03/201603/06/2016
governor0.69%SA09/10/201410/09/2014
chief0.23%SA08/27/201427/08/2014
economist0.38%EN03/24/201424/03/2014
chief executive officer0.23%EN03/23/201423/03/2014
cbz holdings chief executive0.08%EN03/23/201423/03/2014
chief executive0.31%EN03/11/201411/03/2014
Names Lang Count
John MangudyaEN96.94%
John MangudyaFR2.46%
John MangudyaSA0.33%
John MangudyaPT0.27%


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Tuesday, August 4, 2020

6:21:00 AM EAT


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John Mangudya said ( about John Mangudya ) : “What I am aware of around 4pm, yesterday thereabout, I was phoned about his condition then I immediately phoned the deputy minister of Health and Child Care Dr Magwiro (John Chamunorwa Mangwiro ) who was good enough to give his number so I then gave his number to his (Mataruka) wife,” “They spoke thereafter but what I heard this morning was that he (Mataruka) had passed on at Parirenyatwa. I don’t know full details but what I do know is that he did get to Parirenyatwa yesterday and I saw a message to say that he was at Parirenyatwa. But, this morning, he passed on” External link

newsday Tuesday, July 28, 2020 3:27:00 AM EAT

Jacob Mudenda said ( about John Mangudya ) : “I did engaged the Reserve Bank of Zimbabwe governor John Mangudya to expeditiously put in place foreign currency and ensure there is sufficient fuel for MPs. He assured me that he will put together the necessary foreign currency to ensure MPs get their vehicles” External link

newsday Wednesday, July 8, 2020 6:46:00 PM EAT

Tafadzwa Musarara said ( about John Mangudya ) : "Following the reestablishment of the Foreign Currency Auction System by the Reserve Bank, GMAZ has had fruitful discussions with the RBZ governor, Dr. Mangudya whereupon foreign currency allocations to millers are now being made," "As a result, on behalf of wheat millers, I am pleased to announce that the cost of bread flour, with effect from 3 July 2020, has been reduced from $3,150 per 50kg to $2,136.89" External link

allafrica Sunday, July 5, 2020 3:10:00 AM EAT

John Mangudya said ( about John Mangudya ) : “The success of any auction in the whole world is about its transparency, so we are going to be super transparent. Number two; there is a multiplicity of exchange rates in the market right? If you go to any shop some are using $45, $80 and some are even at $100 (to one United States dollar),” “Now, given that situation, Mangudya or any person cannot tell you that the rate should be $40 or $60 and, therefore, the only practical way of knowing is to have those people who are using those rates to come and purchase from the auction using their own rate” External link

newsday Monday, June 22, 2020 10:05:00 PM EAT

Monica Mutsvangwa said ( about John Mangudya ) : “Government notes with concern that there are some sections of the market that are rejecting bond notes and coins. Notes inscribed ‘bond notes’ are being rejected in preference for those inscribed ‘dollars.’ Government through the Ministry of Finance and Economic Development will be substituting bond notes with new notes through a gradual process,” “In the meantime Government advises the public that the $2 and $5 bond notes are still legal tender in this country and therefore calls upon the business sector not to reject them. As just been announced by Reserve Bank of Zimbabwe Governor, Dr John Mangudya, all business owners, shopkeepers, tuck shop owners and even individuals are free to exchange the bond notes with new notes through their banks” External link

herald Saturday, June 20, 2020 5:02:00 AM EAT

Tony Hawkins said ( about John Mangudya ) : “Its a defeat for Mangudya, but for how long it will last no one really knows,” External link

iol Thursday, June 18, 2020 4:37:00 PM EAT

John Mangudya déclaré ( about John Mangudya ) : "La première partie de toute monnaie est de s'assurer qu'elle est acceptée dans son propre pays. Vous ne pouvez pas partir de l'extérieur, donc la confiance en votre monnaie commence d'abord chez vous ; quand elle est bien utilisée, quand vous avez une production élevée au Zimbabwe, quand vous avez une grande confiance et que vous avez également confiance qu'elle peut être acceptée dans d'autres pays " "Comment pouvez-vous vous attendre à ce que les gens au Malawi (par exemple) acceptent votre monnaie au Malawi alors que vous n'avez pas de production ? Ce qui souligne une monnaie, c'est la production et la confiance. Ce sont les deux facteurs qui sous-tendent une monnaie. Il ne s'agit pas de Mangudya qui imprime de l'argent, non" External link

infosplusgabon Sunday, July 14, 2019 7:01:00 PM EAT