John Mangudya

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

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John Mangudya added : “The Bank will, therefore, continuously review its monetary policy toolkit in line with monthly inflation developments,” External link

thezimbabwemail Friday, August 12, 2022 3:56:00 PM EAT

John Mangudya said : “The bank strongly believes that the current tight monetary policy stance complemented by the strong will by Government to putting in place measures that deal with factors that destabilise the foreign exchange market will result in exchange rate and price stability in the near and short-term,” “Thus, the decline in month-on-month inflation is expected to continue up to the end of this year and into 2023. This is essential for value preservation of the local currency and sine qua non to promote its use for transactional purposes” External link

herald Friday, August 12, 2022 4:57:00 AM EAT

John Mangudya told : “There is nothing spectacular, but it’s (mid-term, monetary policy statement) coming. It’s a matter of consolidation,” External link

newsday Wednesday, August 3, 2022 1:39:00 AM EAT

John Mangudya said : “In view of the said developments and outlook, the MPC resolved to maintain the interest rates at current levels. The tight monetary policy stance would be buttressed by the favourable uptake of gold coins which were introduced in the economy on July 25, 2022 as an alternative stable financial product for store of value … The MPC will continue to review interest rates on a regular basis in line with month-on-month inflation developments,” External link

newsday Wednesday, August 3, 2022 1:39:00 AM EAT

John Mangudya said : “We need to be a positive society for the common good of the country,” External link

herald Tuesday, August 2, 2022 1:54:00 AM EAT

John Mangudya said : “The MPC also noted that the disinflation trend will be reinforced by measures government was taking to deal with factors that destabilise the foreign exchange market, particularly by reviewing the basis and framework for payments to its suppliers of goods and services in its quest to stabilise the foreign exchange market and enhance value for money,” “The MPC further noted that while monthly inflation is expected to continue to decelerate during the outlook period, annual inflation will continue to increase up to September 2022 as a result of the lower base effect in 2021” External link

newsday Tuesday, August 2, 2022 1:47:00 AM EAT

John Mangudya told : "The Bank has today released the first batch of 2,000 Mosi-oa-Tunya (The Smoke Which Thunders) gold coins to the market. Local agencies commenced selling the gold coins on an agency basis at the initial price of 1,823.83 U.S. dollars per gold coin or 805,745.35 Zimbabwean dollars using the willing buyer willing seller selling rate as at Friday," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "The gold coins as we have advised before, are a good alternative investment product for those who want to store value. Gold is a safe and secure reserve asset throughout the world," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "What we expect to see is that we see stabilization in the exchange rate and therefore by extension the pass-through effects into the prizing system all going down. And therefore we expect to see price stability in the economy," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "It is sustainable because not everyone will afford buying the gold coins. The limiting factor is the quantity of money at the central bank which belongs to the banks and the excess balances that you got yourselves as individuals and corporates. Therefore, it is not more about us just minting gold coins. For example, a tonne of gold will give you more than 30 000 pieces of gold coins and that will take away all the Zimdollars in this market" External link

bulawayo24 Tuesday, July 26, 2022 10:46:00 AM EAT

John Mangudya said ( about British ) : “For the time being banks can only receive the coins from the Reserve Bank for onward selling to their customers on behalf of the Reserve Bank and non-resident buyers shall only buy the Mosi-oa-Tunya gold coins in denominated foreign currencies,” “Denominated currencies for the purpose of buying gold coins will include the British pound, the euro, Australian dollar, Botswana pula, and the rand” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “We have minted more than 2 000 coins, but we have only released that number to test the market and we have the capacity to meet demand when it arises. The bank will release the coins on a demand basis going forward,” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “The insurance companies and banks can make more products from these gold coins. Zimnat and Old Mutual can do gold unit trusts for their clients and investment companies can come up with gold exchange-traded funds,” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “The gold coins are therefore expected to stabilise prices through taming the parallel exchange rates that have a pass through effect in inflation,” External link

thezimbabwemail Monday, July 25, 2022 5:11:00 PM EAT

John Mangudya said : “The gold coins are therefore expected to stabilise prices through taming the parallel exchange rates that have a pass through effect in inflation,” External link

herald Monday, July 25, 2022 3:17:00 PM EAT

John Mangudya said : "Because of hyperinflation and past experiences, people in Zimbabwe have increased demand for foreign currency as a store of value," External link

bulawayo24 Sunday, July 24, 2022 12:06:00 PM EAT

John Mangudya said : "If we sell it in foreign currency, what are we trying to achieve? The local currency is the Zimbabwe dollar and that is what we want to strengthen. " External link

bulawayo24 Sunday, July 24, 2022 12:06:00 PM EAT

John Mangudya said : "The purpose of tightening monetary policy is to align the policy rate to inflation. The Bank did not violate the common law of the in duplum rule as the policy is a short and sharp reaction to correct inflationary pressures. The total amount of arrear interest on loans has not yet accrued to amounts equal to the outstanding principal debts" External link

bulawayo24 Friday, July 15, 2022 11:16:00 AM EAT

John Mangudya told : "The economy's fundamentals are doing well. This economy is not as bad as we paint it. We are not a basket case. Our policies are consistent. Let us have less bad news," External link

bulawayo24 Wednesday, July 13, 2022 10:35:00 AM EAT

John Mangudya added : "The backlog is there. Last week we cleared SMEs auctions. The main auction 94-99 to become current. Our last auction was 101 and this week we will clear 100 then seal with auctions before 94 by the end of July so that they do not become a moving target. We want to make sure that there is no backlog," External link

bulawayo24 Wednesday, July 13, 2022 10:35:00 AM EAT

John Mangudya said : “As you are aware, the US dollar has largely been used for two things; for the importation of goods and store of value. The gold coins will provide an alternative investment option to the US dollar as a store of value,” External link

herald Tuesday, July 5, 2022 2:08:00 AM EAT

John Mangudya said : “Operational modalities for the handling of the gold coins shall be availed in due course,” External link

herald Tuesday, July 5, 2022 2:08:00 AM EAT

John Mangudya said : “Operational modalities for the handling of the gold coins shall be availed in due course,” External link

herald Monday, July 4, 2022 5:42:00 AM EAT

John Mangudya said : "As we have said, these coins will be minted at Fidelity Printers, who will be in charge of the distribution together with the banks and international banking partners. The images that have been circulating are fake and the public should stand guided. For now Fidelity has been given the green-light to start minting the coins so we expect that the coins will be available in the market by mid-July," External link

bulawayo24 Sunday, July 3, 2022 12:14:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) resolved to introduce gold coins into the market as an instrument that will enable investors to store value, the gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels, the primary aim and objective is to preserve the store of value for wealth so the process has started and minting has also started,” External link

thezimbabwemail Friday, July 1, 2022 9:51:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) resolved to introduce gold coins into the market as an instrument that will enable investors to store value,” “The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels” External link

aljazeera-en Tuesday, June 28, 2022 4:54:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

businessday Tuesday, June 28, 2022 3:59:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

business-standard Tuesday, June 28, 2022 2:14:00 AM EAT

John Mangudya said : "The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels," External link

bulawayo24 Monday, June 27, 2022 9:35:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

news-yahoo Monday, June 27, 2022 7:03:00 PM EAT

John Mangudya said : “The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels,” External link

herald Monday, June 27, 2022 4:18:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

news-yahoo Monday, June 27, 2022 3:03:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

thezimbabwemail Monday, June 27, 2022 2:06:00 PM EAT

John Mangudya said ( about Association ) : "Taking into account the submissions by the Bakers Association of Zimbabwe and the need to stabilise the price of bread, the Reserve Bank of Zimbabwe agreed with the bakers association that its members would access their full requirement of foreign exchange through the weekly foreign exchange auctions for importation of inputs and procurement of fuel for the distribution of bread across the country," External link

bulawayo24 Monday, June 20, 2022 9:28:00 PM EAT

John Mangudya said : "They make significant profit margins by borrowing at concessionary terms, stocking and then selling their products in United States dollars or in Zimbabwe (ZW) dollars at inflated parallel market exchange rates, thus enabling them to easily pay off the loans from a portion of the proceeds, and start the borrowing cycle again," External link

bulawayo24 Monday, June 20, 2022 9:29:00 AM EAT

John Mangudya said : “They make significant profit margins by borrowing at concessionary terms, stocking and then selling their products in United States dollars or in Zimbabwe (ZW) dollars at inflated parallel market exchange rates, thus enabling them to easily pay off the loans from a portion of the proceeds, and start the borrowing cycle again,” External link

newsday Monday, June 20, 2022 1:13:00 AM EAT

John Mangudya said : "A total of 29 629.61kg of gold was delivered to Fidelity Gold Refinery in 2021. Large gold producers delivered 11 159kg, whilst small-scale producers contributed 18 470kg," "Small and large gold producers have delivered a total of 29 629,61kg of gold to Fidelity Gold Refinery (FGR) in 2021, a 55,5% increase from the 19 052,65kg delivered in 2020" External link

bulawayo24 Saturday, June 18, 2022 6:33:00 PM EAT

John Mangudya warned : "any entity found to have actively engaged in exchange rate manipulation in order to derive illicit gains from loans shall also be referred for prosecution" External link

bulawayo24 Saturday, June 18, 2022 9:47:00 AM EAT

John Mangudya warned : “any entity found to have actively engaged in exchange rate manipulation in order to derive illicit gains from loans shall also be referred for prosecution” External link

herald Saturday, June 18, 2022 2:01:00 AM EAT

John Mangudya said : “You want to be paid in foreign currency, did you put your US dollar in the bank? Whose money do you want to take? Do you want to take Mimosa or Zimplats money?” External link

newsday Friday, June 17, 2022 1:26:00 AM EAT

John Mangudya asked : “You want to be paid in foreign currency, did you put your US dollar in the bank? Whose money do you want to take? Do you want to take Mimosa or Zimplats money?” External link

newsday Friday, June 17, 2022 1:26:00 AM EAT

John Mangudya told : "Arbitrage business models being pursued by some entities are not good for the economy, its selfish business models, not sustainable, its inflationary, its punishing the consumers, it undermines business confidence and is counterproductive," External link

bulawayo24 Sunday, June 12, 2022 11:53:00 AM EAT

John Mangudya said : "Broad money amounted to $589,09 billion in March 2022, compared to $506,13 billion in February 2022," External link

bulawayo24 Sunday, June 12, 2022 11:53:00 AM EAT

John Mangudya said : "We have been there before in 2018. We will have parallel market of virtual money," External link

bulawayo24 Tuesday, June 7, 2022 8:33:00 PM EAT

John Mangudya said : “Let’s cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars,” External link

thezimbabwemail Monday, June 6, 2022 12:44:00 AM EAT

John Mangudya said : “Let’s cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars,” External link

herald Sunday, June 5, 2022 6:21:00 PM EAT

John Mangudya said : "Let's cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars," External link

bulawayo24 Saturday, June 4, 2022 10:55:00 PM EAT

John Mangudya said ( about Strategy ) : "We appreciate the confidence that has been imposed on Zimbabwe by EIB through this and other facilities. This facility is going to generate employment, export economic diversity and consequently more sustainable economic growth which is in line with the country's aspirations under the National Development Strategy 1," "Private sector development is critical in growing and diversifying the Zimbabwean economy, creating opportunities for youth employment, growing the SMEs, growing exports, growing public finance, revenues and expanding the economy" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya added : "This facility from EIB is essential for developing the economy and reducing pressure on the foreign exchange auction system" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya said : "We expect overdrafts to be for working capital and this term facility to be developmental finance for developing companies and your customers. So we are happy that this facility is focusing more on exports so as to enhance foreign currency in this country" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya said : “Prices are not just rising in Zimbabwe. Look at the price of fuel, wheat and others, across the world, you will realise that it is not only in Zimbabwe but a global phenomenon,” External link

herald Monday, May 23, 2022 2:17:00 AM EAT

John Mangudya told : "We know this is a painful, but necessary, measure. It was necessary because of the increase in inflation. Some entities were now using funds from banks to purchase foreign currency," External link

news24 Thursday, May 19, 2022 10:37:00 AM EAT

John Mangudya said : “When the Americans invest here their money comes to the stock exchange,” External link

theindependent Tuesday, May 17, 2022 6:31:00 AM EAT

John Mangudya said : “FPR is not for sale anymore and a decision was reached with the central bank board. RBZ remains the 100% shareholder of FPR and it is not for sale anymore. That is the position,” External link

theindependent Tuesday, May 17, 2022 6:31:00 AM EAT

John Mangudya said : "Entities were borrowing substantial amounts of money from banks, they would then use that money for the purposes of manipulating the exchange rate. They would take the funds today, when there is a certain rate, after a month or two, they then repay the loan in full, knowing that it will have lost its value compared to when they took the loan. They were servicing the loans through depreciation of currency, in other words these entities were ‘burning'. They were leveraging on high borrowing for financial gain through manipulating the exchange rate, thereby depreciating the value of their loans," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "It is unfortunate that while these entities were manipulating the parallel market, it means it wasn't affecting them but the people who were bearing the brunt of this illicit activity were the consumers because they end up paying for goods which are priced at prices indexed on the parallel market, where the entities now increase the rate of exchange willy-nilly. This is the reason we thus decided to come up with those stringent measures as we felt that enough is enough and there is a need to weed out these corrupt elements. We have identified them and we will soon be naming them for prosecution," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "We call these commercial financial crimes and therefore our laws in the country are clear on the regulations and how we are meant to deal with financial crimes of that nature, hence these are the charges that will be laid against them. Once we finish our investigations we will then be in a position to lift the suspension of the ban in lending by banks. Our first step, which we are in now, has been the identification of the problem, then we investigate after that, the entities or the individuals will be brought to book, we want to do everything above board so that we solve this ill-practice that is affecting our country's economy," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "What we have found out is what I have told you, that other corporates were heavily borrowing from the market or from the banks for the purposes of using that money to purchase their products and manipulate the exchange rate, which is called currency attack," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : “What we have found out is what I have told you, that other corporates were heavily borrowing from the market or from the banks for the purposes of using that money to purchase their products and manipulate the exchange rate, which is called currency attack,” External link

thezimbabwemail Sunday, May 15, 2022 3:56:00 AM EAT

John Mangudya said : "When the Americans invest here their money comes to the stock exchange," External link

bulawayo24 Friday, May 13, 2022 9:56:00 PM EAT

John Mangudya said : “We bring your attention to paragraph 40 of the Presidential announcement on the suspension of lending by banking institutions, building societies, development finance institutions, deposit-taking and credit-only micro-finance institutions to the government and private sector,” External link

newsday Wednesday, May 11, 2022 1:30:00 AM EAT

John Mangudya told : “We know this is a painful, but necessary, measure. It was necessary because of the increase in inflation. Some entities were now using funds from banks to purchase foreign currency,” External link

wsau Tuesday, May 10, 2022 5:37:00 PM EAT

John Mangudya said : “The country generated foreign currency amounting to US$9,7 billion in 2021 and has so far received US$2,4 billion for the first quarter of 2022, representing an increase of 17,6 percent from US$2,04 billion received during the same period in 2021,” External link

thezimbabwemail Saturday, May 7, 2022 6:13:00 PM EAT

John Mangudya said : "The increase in inflation was as a result of a combination of global shocks and the pass-through effects of the recent exchange rate depreciation on the parallel market, with a significant proportion of the inflationary pressures emanating from the impact of the on-going Russia-Ukraine conflict. The committee noted with satisfaction that the economic fundamentals have remained strong to support a stable exchange rate as evidenced by a favourable current account balance, positive growth of the real sector, public works undertaken by government, fiscal sustainability and a tight monetary policy stance," External link

bulawayo24 Wednesday, May 4, 2022 9:14:00 AM EAT

John Mangudya said : “Government and the Bank are committed to an orderly de-dollarisation process and hence it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods in the market and abet inflation. All foreign exchange accounts are safe and the Bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

newsday Monday, May 2, 2022 1:14:00 AM EAT

John Mangudya said : "The country generated foreign currency amounting to US$9,7 billion in 2021 and has so far received US$2,4 billion for the first quarter of 2022, representing an increase of 17,6 percent from US$2,04 billion received during the same period in 2021," External link

bulawayo24 Sunday, May 1, 2022 1:10:00 PM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

zimeye Monday, April 25, 2022 2:39:00 PM EAT

John Mangudya responded : "Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid' the accounts as alleged in the CZI paper" External link

bulawayo24 Monday, April 25, 2022 11:42:00 AM EAT

John Mangudya responded : "Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid' the accounts as alleged in the CZI paper" External link

bulawayo24 Monday, April 25, 2022 11:42:00 AM EAT

John Mangudya said : "The bank wishes to advise the public that, Standard Chartered Bank Zimbabwe Limited has formally advised that the Standard Chartered Group has made a decision to divest of its business interest in Zimbabwe," "While the divestiture will result in change of ownership and control of Standard Chartered Bank Zimbabwe Limited, the latter which is currently adequately capitalised, liquid and profitable will continue to operate normally under the purview of the Bank" External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya said : "The contents of the said CZI paper and the impressions depicted therein are unfortunate and uncalled for as they have the potential of destabilising financial markets and economic stability of the country," External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya said : "The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods in the market and abet inflation," External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

zimeye Monday, April 25, 2022 3:08:00 AM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

newsday Monday, April 25, 2022 1:41:00 AM EAT

John Mangudya said : “The Afreximbank remains an important lender to Zimbabwe and has assisted the country with access to foreign finance at a time when most international financial institutions (IFIs) are not lending to the country,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya added : “In order to prevent the abuse of the system, banks will be implored to play their part by conducting robust Know Your Customer (KYC) and Customer Due Diligence (CDD) principles. The bigger picture of the recently introduced measure is that it aims to provide a guide to market discovery and is also envisaged to go a long way enhancing confidence in foreign exchange market and in reducing illegal trading of foreign currency by economic agents. Market discipline is essential in any economy,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya said : “As part of measures to foster financial sector stability, the role of central banks is to ensure a smooth orderly exit and entry of any shareholder into the financial services sector,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya said : “The economy continues to show strong optimism in 2022 with the Purchasing Managers’ Index produced by ZimStat at 50,7 percent in the last quarter of 2021, representing a 10 percentage point increase from 40,7 percent recorded in the third quarter,” External link

herald Friday, April 22, 2022 2:20:00 AM EAT

John Mangudya said : "The RBZ advises the public that it has ordered Simbisa Brands to cease operating the money transferring service branded or styled InnBucks with immediate effect," "In November 2021 the bank directed InnBucks to apply for and obtain necessary approvals in order to continue operating. To date the company has not regularised the service as directed" External link

bulawayo24 Wednesday, April 20, 2022 10:19:00 PM EAT

John Mangudya said ( about Medium Enterprises ) : “You may also recall that, the minimum for the Small to Medium Enterprises foreign exchange is US$2 500, while amounts below this were being met through the bureux de change at the prevailing exchange rate plus a cost-plus margin of a maximum of 10%,” External link

theindependent Friday, April 15, 2022 8:27:00 PM EAT

John Mangudya said : “This policy direction is also expected to go a long way in curbing parallel market activities due to increased scope for trading foreign currency through normal banking channels,” External link

theindependent Friday, April 15, 2022 8:27:00 PM EAT

John Mangudya said : "Engagements with the AfDB is a continuous process which we continue to do with the bank. You need support from the people who assist you towards arrears clearance. You need both domestic and international support to ensure that arrears are cleared," External link

bulawayo24 Friday, April 8, 2022 12:24:00 PM EAT

John Mangudya said : “Further liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1 000 under an arrangement agreed upon between banks and Bank and in terms of which individuals with free funds and entities or corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer willing-seller basis,” External link

herald Tuesday, April 5, 2022 3:09:00 PM EAT

John Mangudya said : "Further liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1 000 under an arrangement agreed upon between banks and Bank and in terms of which individuals with free funds and entities or corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer willing-seller basis," External link

bulawayo24 Tuesday, April 5, 2022 9:45:00 AM EAT

John Mangudya said : "We are monitoring the situation; we cannot relax thinking things will work by themselves – no! We need to continue to tighten, we are going to tighten the monetary policy to ensure that we bring order to the economy," External link

bulawayo24 Sunday, April 3, 2022 11:36:00 AM EAT

John Mangudya said : "We need to bring stability in the exchange market and the money we have released will substantially expunge a big chunk of the blacklog," External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

John Mangudya said : "Our major thrust is on stability and to ensure there is convergence so that we can have a single exchange rate," "This will dampen exchange rate volatility" External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

John Mangudya said : “We need to bring stability in the exchange market and the money we have released will substantially expunge a big chunk of the backlog,” External link

herald Tuesday, March 29, 2022 2:42:00 AM EAT

John Mangudya said : “Our major thrust is on stability and to ensure there is convergence so that we can have a single exchange rate,” “This will dampen exchange rate volatility” External link

herald Tuesday, March 29, 2022 2:42:00 AM EAT

John Mangudya said : “As you are aware, Fidelity Printers is a service institution serving the gold producers — small, large and artisanal by processing their gold just as good as the Minerals Marketing Corporation of Zimbabwe processes minerals for the export market on behalf of the miners or Grain Marketing Board buying maize,” External link

herald Monday, March 21, 2022 2:51:00 AM EAT

John Mangudya added : “The MPC also agreed to ensure continued synchronisation of the government payments and market liquidity positions in order to foster strong adherence to quarterly reserve money targets and manage inflation expectations among other measures,” External link

thezimbabwemail Monday, March 7, 2022 12:37:00 PM EAT

John Mangudya added : "The MPC also agreed to ensure continued synchronisation of the government payments and market liquidity positions in order to foster strong adherence to quarterly reserve money targets and manage inflation expectations among other measures," External link

bulawayo24 Sunday, March 6, 2022 2:02:00 PM EAT

John Mangudya told : “We incurred a bill of almost US$3,2 billion or so,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “The funds have been blocked in Zimbabwe and the government and ourselves, as the RBZ, are coming up with instruments to ensure that Zimbabwe is honouring those. This is money that belongs to the foreigners,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya added ( about Finance Act ) : “We now have both, the legal form of these blocked funds which is the Finance Act 7 of 2021 and the second one is the substance that we have developed some schedules of the repayment for expunging these blocked funds. Some of them, which are very critical, are being paid as we speak, and so there is now a pathway that has been put in place,” “We want to pay our foreign obligations and this is a commitment from the government and the RBZ. That is why it’s the law of the land of Zimbabwe” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “The measure (to curb huge withdrawals) is there. (It) stipulates that any high amounts require prior approval from the FIU before withdrawal,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “All the balances, which were there before have been cleared, we are now working to ensure that we are current in terms of the forex auction laws,” External link

herald Monday, February 28, 2022 2:01:00 AM EAT

John Mangudya added : “We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won’t be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important,” External link

thezimbabwemail Friday, February 25, 2022 8:32:00 PM EAT

John Mangudya added ( about Strategy ) : “For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years,” External link

thezimbabwemail Friday, February 25, 2022 8:32:00 PM EAT

John Mangudya added : "We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won't be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important," External link

bulawayo24 Friday, February 25, 2022 11:57:00 AM EAT

John Mangudya added ( about Strategy ) : "For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years," External link

bulawayo24 Friday, February 25, 2022 11:57:00 AM EAT

John Mangudya added : “We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won’t be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important,” External link

theindependent Thursday, February 24, 2022 11:16:00 AM EAT

John Mangudya added ( about Strategy ) : “For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years,” External link

theindependent Thursday, February 24, 2022 11:16:00 AM EAT

John Mangudya said : "Further to the announcement in the monetary policy statement of February 7, 2022, that Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at December 31, 2021, the bank is pleased to advise the public that Nedbank has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to US$31,1 million, against the regulatory minimum of the ZW$ equivalent to US$30 million," External link

bulawayo24 Friday, February 18, 2022 8:59:00 AM EAT

John Mangudya said : “Further to the announcement in the monetary policy statement of February 7, 2022, that Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at December 31, 2021, the bank is pleased to advise the public that Nedbank has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to US$31,1 million, against the regulatory minimum of the ZW$ equivalent to US$30 million,” External link

newsday Friday, February 18, 2022 1:53:00 AM EAT

John Mangudya said : “Notwithstanding the COVID-19 pandemic, the national payments system remained safe, sound and stable during 2021,” “Digital payment systems transaction values continued on the exponential growth trajectory with a 218% increase from $2,5 trillion recorded in 2020 to $7,8 trillion in 2021. Transaction volumes, on the other hand, were on a declining trend, falling by 24% to 1,4 billion” External link

newsday Friday, February 18, 2022 1:53:00 AM EAT

John Mangudya said : “There is a trade off between inflation and high interest rates, all central banks are tightening monetary policies so that we can get out of high inflation,” External link

thezimbabwemail Thursday, February 17, 2022 5:04:00 PM EAT

John Mangudya said : “Over the past two weeks, the government’s release of funds to the market was so limited to the extent that the parallel market did not move,” “There has been a shortage of local currency on the market and that is the reason the parallel market has been stable for the past two weeks, the closed tap other than for salaries, did not see a lot of money coming onto the market” External link

newsday Thursday, February 17, 2022 9:30:00 AM EAT

John Mangudya said : "Notwithstanding the Covid-19 pandemic, the national payment systems remained safe, sound and stable during 2021. There was notable increase in the use of available digital channels by the transacting public and the bank enhanced security issues on these platforms to protect customers," "Digital payment systems transaction values continued on the exponential growth trajectory with a 218% increase from ZW$2.5 trillion recorded in 2020 to ZW$7.8 trillion in 2021. Transaction volumes, on the other hand, were on a declining trend, falling by 24% to 1.4 billion," External link

bulawayo24 Wednesday, February 16, 2022 9:32:00 PM EAT

John Mangudya said : “I think if we are being very honest, the limits are quite good,” External link

newsday Monday, February 14, 2022 2:06:00 AM EAT

John Mangudya said : “We have a dual economy where the informal economy is bigger than the formal economy. Some people put it at 60% informal while others put it at 75% or 70% but I would love to say 60%,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said ( about Glen View ) : “Who does it affect? It affects banks in the formal economy, it does not affect people who are in Mbare Musika (market) or that are in Glen View where they are making furniture, no, it does not…so how do we make these two economies talk to each other? That should be the challenge,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said : “The financing models for tobacco and cotton require a refinement of the export retention threshold to increase participation by small-scale growers and to boost tobacco and cotton production in the country,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said : "The refinement of the foreign exchange auction system shall be buttressed by: a) strict adherence to and enforcement of the know your customer (KYC) and customer due diligence (CDD) principles and requirements by banks when processing forex bids and intra-bank transfers on behalf of their customers. Timeous settlement of auction bid allotments within a period of two weeks and allotment of foreign currency on the basis of available foreign exchange to avoid incidents of settlement backlogs," External link

bulawayo24 Friday, February 11, 2022 9:34:00 AM EAT

John Mangudya said : "In any case, the financial system is largely constituted of local currency, with around 56% of total deposits being local currency and the balance of 44% being foreign currency deposits, which shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe," External link

news24 Wednesday, February 9, 2022 9:52:00 PM EAT

John Mangudya said : “In any case, the financial system is largely constituted of local currency with around 56% of total deposits being local currency and the balance of 44% being foreign currency deposits, which shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe,” External link

newsday Tuesday, February 8, 2022 10:50:00 PM EAT

John Mangudya said : “Legislation of a fixed exchange rate as was the case in 2009 when the US dollar was introduced as the currency of transaction, is not ideal for any economy as it renders the economy uncompetitive and a supermarket economy and gives the wrong impression that foreign currency is a domestic currency which is earned without exporting,” External link

newsday Tuesday, February 8, 2022 10:50:00 PM EAT

John Mangudya said ( about Finance Act ) : "Those challenges incapacitated the country to service all its foreign obligations, which have now been assumed by Government under Blocked Funds legislative provides carried in the Finance Act No. 7 of 2021," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "This shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "The bank is refining the US$50 facility to assist members of the public to access foreign currency for small domestic purchases and payments at the official exchange rate through bureaux de change, with immediate effect, to limit it to the vulnerable members of the society," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "To achieve this, the bank has, with immediate effect, reviewed downwards the quarter-on-quarter reserve money target from 10 percent to 7,5 percent for the quarters ending March and June 2022, which target will be reviewed thereafter," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : “On account of the high import requirements embedded in the manufacturing, horticulture and cross-border transport sub-sectors of the economy, with immediate effect, exporters in the manufacturing, horticulture and cross-border transport sub-sectors shall be eligible to retain 100 percent of the incremental portion of their export receipts,” External link

herald Tuesday, February 8, 2022 3:29:00 AM EAT

John Mangudya said : “To achieve this, the bank has, with immediate effect, reviewed downwards the quarter-on-quarter reserve money target from 10 percent to 7,5 percent for the quarters ending March and June 2022, which target will be reviewed thereafter,” External link

herald Tuesday, February 8, 2022 3:29:00 AM EAT

John Mangudya said : "The Bank's focus to further tighten monetary policy is necessary to stem inflationary pressures and anchor inflation and exchange rate expectations within the national economy," External link

bulawayo24 Tuesday, February 8, 2022 2:00:00 AM EAT

John Mangudya told : “Most of the measures will be contained in the monetary policy to be presented before February 8, 2021, which is Tuesday next week (this week),” External link

thezimbabwemail Sunday, February 6, 2022 5:14:00 AM EAT

John Mangudya said : "The country is not re-dollarising," External link

bulawayo24 Monday, January 31, 2022 7:38:00 PM EAT

John Mangudya said : “The country is not re-dollarising,” External link

news24 Monday, January 31, 2022 12:03:00 PM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

news-yahoo Monday, January 31, 2022 10:09:00 AM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

thezimbabwemail Sunday, January 30, 2022 6:54:00 PM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

news-yahoo Sunday, January 30, 2022 12:21:00 PM EAT

John Mangudya said : "Our inflation outlook, remains positive we are going to continue with the monetary policies that ensure that we reduce inflation, we want to reduce it from 60,7 percent where it was last year in December down to between 20-30 percent by end of the, so that next year it will be in the SADC benchmarks," External link

bulawayo24 Sunday, January 30, 2022 11:54:00 AM EAT

John Mangudya said : "Many people have advocated for the interbank but the weakness of the interbank in this country is that banks do not trade among themselves because of many factors," External link

bulawayo24 Friday, January 28, 2022 9:47:00 AM EAT

John Mangudya told : "We are going to take appropriate measures to ensure that foreign currency allotments are settled timeously and ensure that discipline in the economy is enforced," External link

bulawayo24 Friday, January 28, 2022 9:47:00 AM EAT

John Mangudya said : “In the monetary policy outlook, the bank is committed to continuing with foreign exchange auction system as a dependable source of foreign currency, we will refine where refinement is needed, where we need to ensure that the system is improved we will do so,” External link

herald Friday, January 28, 2022 5:30:00 AM EAT

John Mangudya said : “I will check with our team in the bank supervision unit and revert to you,” External link

theindependent Sunday, January 23, 2022 11:19:00 AM EAT

John Mangudya said : "I will check with our team in the bank supervision unit and revert to you," External link

bulawayo24 Friday, January 21, 2022 10:33:00 PM EAT

John Mangudya said : “I will check with our team in the bank supervision unit and revert to you,” External link

thezimbabwemail Friday, January 21, 2022 9:48:00 PM EAT

John Mangudya said : “People just want to hold U.S. dollars,” External link

thezimbabwemail Tuesday, January 18, 2022 8:51:00 PM EAT

John Mangudya said : “central bank will wait for official comment from Standard Chartered, as it is an internal issue, to advise of the position,” “We are still waiting for their report” External link

thezimbabwemail Friday, January 14, 2022 1:29:00 AM EAT

John Mangudya said : “The bank also commends government for the Gild Incentive scheme introduced in May 2021, which scheme has had a significant positive impact on gold deliveries to FGR,” “It is projected that the quantum of the country’s gold exports in 2021 will increase beyond the 29 629,61kg when the gold component in the platinum group metals is eventually included on the tally of gold deliveries to FGR” External link

newsday Thursday, January 13, 2022 4:17:00 PM EAT

John Mangudya said : "This created a fictitious shortage of foreign currency in the country," External link

bulawayo24 Friday, January 7, 2022 11:20:00 PM EAT

John Mangudya said : "We have a facility for the pharmaceutical industry to access foreign currency," External link

bulawayo24 Wednesday, December 29, 2021 8:39:00 AM EAT

John Mangudya said : "But the uptake has been low for that facility so in the coming weeks we will meet with them to find out why they are using such exchange rates," External link

bulawayo24 Wednesday, December 29, 2021 8:39:00 AM EAT

John Mangudya said : "It's a general tendency of all Zimbabweans and you will be surprised that some of the people in the bank queues will have to sell their own money on the black market. We have a problem of craving to hold foreign currency," External link

allafrica Sunday, December 12, 2021 7:51:00 AM EAT

John Mangudya said : “It’s a general tendency of all Zimbabweans and you will be surprised that some of the people in the bank queues will have to sell their own money on the black market. We have a problem of craving to hold foreign currency,” External link

herald Friday, December 10, 2021 2:12:00 AM EAT

John Mangudya said : “The recent monetary policy measures had reversed the upward trend on month-on-month inflation which rose from 4.2% in August to 6.4% in October 2021 and accelerated to 5.76% in November 2021. It was expected that annual inflation would end the year 2021 at between 58% and 60% and at less than 20% in 2022,” External link

thezimbabwemail Wednesday, December 8, 2021 1:57:00 PM EAT

John Mangudya said : “In view of the significant increase in total bank deposits during the past year, the Committee also resolved to monitor developments on broad money to minimise its possible destabilising effects on inflation and the exchange rate,” External link

herald Wednesday, December 8, 2021 2:08:00 AM EAT

John Mangudya says : “To be honest with you, stabilising this economy keeps me awake” “My focus is just to make sure that the economy is stabilised, especially on the pricing side. The exchange rate of this economy is something that is at the centre of my heart,” External link

theindependent Monday, December 6, 2021 11:45:00 AM EAT

John Mangudya says : “There are two places to go,” “First of all, I go for a prayer; pray for it and go and meet my principals. We always agree on the way forward. I believe in prayer, I give thanks to God for each day I work,” External link

theindependent Monday, December 6, 2021 11:45:00 AM EAT

John Mangudya said : “I said if bond notes don’t work I will resign,” External link

thestandard-zw Sunday, December 5, 2021 1:33:00 AM EAT

John Mangudya said : "Afreximbank has over the past 25 years provided and made available more than US$9 billion to this economy," External link

bulawayo24 Sunday, November 28, 2021 11:29:00 AM EAT

John Mangudya said : “Afreximbank has over the past 25 years provided and made available more than US$9 billion to this economy,” External link

thestandard-zw Sunday, November 28, 2021 1:45:00 AM EAT

John Mangudya said : “It is coming at an opportune time when we seek to strengthen ties with the bank as our all-weather friend,” External link

thezimbabwemail Friday, November 26, 2021 6:59:00 PM EAT

John Mangudya said : “That’s the price discovery by the business. It’s an auction and it means people come to the auction with their bids. This is what the market is saying” “The market has spoken and we, as the central bank, don’t do anything about that rate. The market has spoken and we are a messenger of the bids that have come to the bank through the banks. It’s a market-driven exchange rate,” External link

newsday Friday, November 19, 2021 1:23:00 AM EAT

John Mangudya added : "Whenever people have Zimbabwean dollars in their pockets, they want to dump them and look for foreign currency. This is what is happening," External link

bulawayo24 Monday, November 8, 2021 8:40:00 AM EAT

John Mangudya said : "We understand that people are afraid of the hyper-inflationary environment of 2008 because they were once bitten twice shy, and now they are always on the lookout for the US dollar," External link

bulawayo24 Monday, November 8, 2021 8:40:00 AM EAT

John Mangudya said : “Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar,” External link

thezimbabwemail Thursday, November 4, 2021 12:09:00 PM EAT

John Mangudya said : “We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate,” External link

thezimbabwemail Thursday, November 4, 2021 12:09:00 PM EAT

John Mangudya said : "Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar," External link

bulawayo24 Thursday, November 4, 2021 9:29:00 AM EAT

John Mangudya said : "We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate," External link

bulawayo24 Thursday, November 4, 2021 9:29:00 AM EAT

John Mangudya said : “Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar,” External link

herald Thursday, November 4, 2021 1:38:00 AM EAT

John Mangudya said : “We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate,” External link

herald Thursday, November 4, 2021 1:38:00 AM EAT

John Mangudya said : "The MPC further tightened reserve money by reducing the quarterly growth in reserve money targets from 20% to 10% for the fourth quarter of 2021 and the first two quarters of 2022. The decision to review the reserve money growth targets was informed by the reserve money growth outturn of 9,3% for the quarter ending 30 September 2021," External link

allafrica Monday, November 1, 2021 10:01:00 PM EAT

John Mangudya said : “That figure owed to airlines should have gone down by more than US$50 million in aggregate,” External link

herald Monday, November 1, 2021 2:21:00 AM EAT

John Mangudya said : “The measure is expected to result in positive real interest rates which are critical to foster savings in the economy,” External link

thezimbabwemail Sunday, October 31, 2021 3:27:00 AM EAT

John Mangudya said : “The decision to review the reserve money growth targets was informed by the reserve money growth outturn of 9,3 percent for the quarter ending 30 September 2021,” External link

thezimbabwemail Sunday, October 31, 2021 3:27:00 AM EAT

John Mangudya said : "The issue of US$50 for individuals, the purpose of the policy was to ensure that there is foreign currency available to individuals for those small transactions that require foreign currency like fuel. The whole idea was in good faith and as of today (last weekend) you may want to know that we have disbursed US$6,4 million under that US$50 scheme so far to 128 814 people," External link

bulawayo24 Friday, October 29, 2021 11:00:00 AM EAT

John Mangudya told : “That is why we are saying that arbitrage has now become an industry in Zimbabwe,” External link

theindependent Thursday, October 28, 2021 11:32:00 AM EAT

John Mangudya said : “Required complementary support from the 2022 national budget; capacitation of law enforcement agencies to effectively deal with indiscipline in the economy; and encouraging public entities to price in local currency to strengthen demand for the local currency,” External link

dailynews-co-zw Thursday, October 28, 2021 10:15:00 AM EAT

John Mangudya said : “At $4.4 billion, that’s what we are expecting from mineral exports for this year, that’s the highest we have ever recorded in this country,” External link

thezimbabwemail Wednesday, October 27, 2021 11:06:00 PM EAT

John Mangudya said : "At $4.4-billion, that's what we are expecting from mineral exports for this year, that's the highest we have ever recorded in this country," External link

miningweekly Wednesday, October 27, 2021 6:08:00 PM EAT

John Mangudya said : “In addition, the increase in international food and oil prices as well as global inflation continue to exert additional inflationary pressures on the domestic economy,” External link

newsday Monday, October 18, 2021 1:16:00 AM EAT

John Mangudya added : "The manufacturing sector undertook to ensure responsible pricing and to comply with the three focal areas under the SI 127 of 2020 highlighted above. On their part, the Government and the Bank pledged to continue supporting the manufacturing sector by levelling the playing field to ensure that exporters obtain a fair value of their export earnings," External link

allafrica Wednesday, October 13, 2021 6:01:00 AM EAT

John Mangudya said : “The bank wishes to inform members of the public of the following corrective and punitive actions that have since been taken against some entities for abuse of the foreign exchange auction system, manipulation of the exchange rate and non-compliance with exchange control rules and regulations,” External link

theindependent Wednesday, October 13, 2021 12:18:00 AM EAT

John Mangudya said : “The external sector position is expected to remain favourable, supported by strong recovery in the global economy,” External link

theindependent Wednesday, October 13, 2021 12:18:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe, together with the Ministries of Finance and Economic Development and Industry and Commerce, met with leaders of the Zimbabwe business community on October 11, 2021, to deliberate and find solutions to the volatility of the parallel market exchange rates which adversely affects economic growth by creating business uncertainty as well as increasing domestic prices," External link

bulawayo24 Tuesday, October 12, 2021 8:31:00 AM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe, together with the Ministries of Finance and Economic Development and Industry and Commerce, met with leaders of the Zimbabwe business community on October 11, 2021, to deliberate and find solutions to the volatility of the parallel market exchange rates which adversely affects economic growth by creating business uncertainty as well as increasing domestic prices,” External link

herald Tuesday, October 12, 2021 1:58:00 AM EAT

John Mangudya said : "We are going to meet all the business community, the producers, retailers, and wholesalers so that we find a sustainable solution. " External link

bulawayo24 Monday, October 11, 2021 8:23:00 AM EAT

John Mangudya said : "The bank wishes to inform members of the public of the following corrective and punitive actions that have since been taken against some entities for abuse of the foreign exchange auction system, manipulation of the exchange rate and non-compliance with exchange control rules and regulations," External link

bulawayo24 Friday, October 8, 2021 9:38:00 PM EAT

John Mangudya said : "The external sector position is expected to remain favourable, supported by strong recovery in the global economy," External link

bulawayo24 Friday, October 8, 2021 9:38:00 PM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "The Financial Intelligence Unit (FIU) has instructed banks, mobile money operators and other financial services providers to identify and freeze any accounts operated by these individuals and, further to bar them from accessing financial services for a period of two years," External link

bulawayo24 Monday, October 4, 2021 8:36:00 AM EAT

John Mangudya said : “This measure is to support the stability of the foreign exchange market, in line with the MPC resolutions of August 27, 2021,” External link

herald Monday, October 4, 2021 1:00:00 AM EAT

John Mangudya told : "Parallel markets exist everywhere around the world, determined by the rules of demand and supply, but the Zimbabwean situation defies economic fundamentals and the attendant dynamics," External link

bulawayo24 Sunday, October 3, 2021 11:02:00 AM EAT

John Mangudya said : "In view of recent developments, annual inflation is likely to end the year between 35 percent to 53 percent, up from the revised targets of between 25 percent and 35 percent. In addition, the increase in international food and oil prices as well as global inflation continue to exert additional inflation pressures in the domestic economy," External link

bulawayo24 Sunday, October 3, 2021 10:13:00 AM EAT

John Mangudya said : “The FIU’s approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float,” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : “Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million,” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : “Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions,” “These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : "The FIU's approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float," External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million," External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions," "These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate" External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "The FIU's approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions," "These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate" External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya pointed out : "Government needs to scale up treasury bill issuance, particularly to the non-bank sector, so as to deflect the potential risk to monetary stability and the disinflation programme, of underperformance in the borrowing plan," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya added : "Going forward, financing pressures may also arise from requests for an upward review of the grain producer prices in view of the exchange rate depreciation on the parallel market. The parallel market currently ranges from ZW$140-ZW$150 per US dollar, thus eroding the earlier announced producer prices, with potential to impact on grain deliveries in the future" External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Heightened financing pressures may end up forcing government to resort to the central bank or private banking sector financing, to the detriment of the disinflation programme or at the expense of credit to productive sectors, respectively. Government is, however, cognisant of the need to harness all financing sources, other than from the central bank," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : “Going forward and in line with the recommendations from the business community on the need to continue to enhance stability in the economy, the bank’s efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations,” External link

newsday Thursday, June 17, 2021 1:29:00 PM EAT

John Mangudya said : "SI 127 is about penalties. The law was there but there was no instrument to punish offenders. SI 127 was promulgated to provide civil penalties for offenders," External link

bulawayo24 Wednesday, June 16, 2021 10:26:00 AM EAT

John Mangudya said : “RBZ wishes to advise members of the public that over the past weeks it has engaged a number of business associations and entities to discuss the modalities for compliance with SI 127 of 2021,” External link

newsday Wednesday, June 16, 2021 5:17:00 AM EAT

John Mangudya said : “In terms of inflation, the 86% that he (Kwaramba) spoke about is quite out of our projections because as the numbers show, in May we had 162%. We expect June inflation of 105% and July to be below 55%. Why? Because of the ‘base effect’,” External link

theindependent Tuesday, June 15, 2021 9:46:00 PM EAT

John Mangudya said : “We are not aware of that as a central bank. If they have more information they can give us. We are not aware of that. It’s news to us” External link

theindependent Tuesday, June 15, 2021 9:46:00 PM EAT

John Mangudya said : "In line with the recommendations from the business community on the need to continue to enhance stability in the economy, the Bank's efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations. The Bank's focus on these key areas, coupled with business's reality check, self-discipline, self-monitoring and peer-review, sill sustain inflation and exchange rate stability that are necessary for the economy to continue to rebound," External link

bulawayo24 Tuesday, June 15, 2021 8:52:00 PM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe has engaged a number of business associations and entities to discuss the modalities for compliance with Statutory Instrument 127 of 2021 (SI 127). The Bank would like to express its appreciation to the business community for the valuable feedback during the engagements which have culminated in business's clearer understanding of the essence of SI 127," External link

bulawayo24 Tuesday, June 15, 2021 8:52:00 PM EAT

John Mangudya said : “In line with the recommendations from the business community on the need to continue to enhance stability in the economy, the Bank’s efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations. The Bank’s focus on these key areas, coupled with business’s reality check, self-discipline, self-monitoring and peer-review, sill sustain inflation and exchange rate stability that are necessary for the economy to continue to rebound,” External link

thezimbabwemail Tuesday, June 15, 2021 3:21:00 PM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe has engaged a number of business associations and entities to discuss the modalities for compliance with Statutory Instrument 127 of 2021 (SI 127). The Bank would like to express its appreciation to the business community for the valuable feedback during the engagements which have culminated in business’s clearer understanding of the essence of SI 127,” External link

thezimbabwemail Tuesday, June 15, 2021 3:21:00 PM EAT

John Mangudya said : "The bank has received numerous requests from mining exporters on the need to continuously improve the ease of doing business arising from complications around payment of fees and commissions to the Minerals Marketing Corporation of Zimbabwe," External link

bulawayo24 Sunday, June 13, 2021 10:03:00 AM EAT

John Mangudya said : "In terms of inflation, the 86% that he (Kwaramba) spoke about is quite out of our projections because as the numbers show, in May we had 162%. We expect June inflation of 105% and July to be below 55%. Why? Because of the ‘base effect'," External link

bulawayo24 Friday, June 11, 2021 8:51:00 AM EAT

John Mangudya said : "We are not aware of that as a central bank. If they have more information they can give us. We are not aware of that. It's news to us" External link

bulawayo24 Friday, June 11, 2021 8:51:00 AM EAT

John Mangudya said : “The economy continues to rebound due to the stability of the currency and inflation on account of the good agricultural out-turn and the positive impact of the diaspora remittances,” External link

thezimbabwemail Wednesday, June 9, 2021 5:54:00 PM EAT

John Mangudya added : "With that SI all what we are doing is bringing equity and a level playing field in the market," External link

bulawayo24 Sunday, June 6, 2021 12:22:00 PM EAT

John Mangudya said : "Previously the FIU could only close accounts for 14 days but now it's 90 days. When the accounts were reopened after 14 days, the offenders would promise to reform and start doing it all over again the next day," "We were well aware of some companies that were abusing the auction system and the reality is that those businesses that are in the wrong are crying. They would just get money from the auction, but charge their prices at parallel market rates. This means they were not making profit from their product or service, but trading currencies using illegal black market rates which are a distortion" External link

onlinenigeria Saturday, June 5, 2021 7:32:00 PM EAT

John Mangudya said : "Previously the FIU could only close accounts for 14 days but now it's 90 days. When the accounts were reopened after 14 days, the offenders would promise to reform and start doing it all over again the next day," "We were well aware of some companies that were abusing the auction system and the reality is that those businesses that are in the wrong are crying. They would just get money from the auction, but charge their prices at parallel market rates. This means they were not making profit from their product or service, but trading currencies using illegal black market rates which are a distortion" External link

bulawayo24 Saturday, June 5, 2021 11:25:00 AM EAT

John Mangudya said : "In the previous SIs we have been persuading businesses to follow the rules of the forex auction market but most businesses were not complying, but with SI 127 of 2021, the legislation was given teeth to bite those who choose not to comply with the new directive," External link

onlinenigeria Thursday, June 3, 2021 2:19:00 PM EAT

John Mangudya said : “The country made total gold shipments of US$78.4m in May 2021 from US$120.1m earned during the same period last year. This is the first time since February this year that the country’s gold export earnings have plummeted on a month on month comparison basis due to the subdued deliveries,” External link

zimeye Thursday, June 3, 2021 1:50:00 PM EAT

John Mangudya said : "The country made total gold shipments of US$78.4m in May 2021 from US$120.1m earned during the same period last year. This is the first time since February this year that the country's gold export earnings have plummeted on a month on month comparison basis due to the subdued deliveries," External link

bulawayo24 Thursday, June 3, 2021 11:07:00 AM EAT

John Mangudya said : "In the previous SIs we have been persuading businesses to follow the rules of the forex auction market but most businesses were not complying, but with SI 127 of 2021, the legislation was given teeth to bite those who choose not to comply with the new directive," External link

bulawayo24 Thursday, June 3, 2021 11:07:00 AM EAT

John Mangudya said : "Accordingly, we wish to advise on the following Exchange Control parameters for your consideration in the motor vehicle clearance process," External link

bulawayo24 Sunday, May 30, 2021 11:11:00 AM EAT

John Mangudya said : “Accordingly, we wish to advise on the following Exchange Control parameters for your consideration in the motor vehicle clearance process,” External link

thezimbabwemail Sunday, May 30, 2021 2:36:00 AM EAT

John Mangudya asked : “In this day and age, we definitely need banking details. How do we validate that? The question is, is the money going to people who are known or unknown because a list of names will always be a list?” External link

herald Friday, May 28, 2021 2:59:00 AM EAT

John Mangudya said ( about Association ) : “We are working on incentives together with the Bankers Association of Zimbabwe to encourage people to make deposits. We shall soon be making the necessary announcement. We will be paying interest on those that deposit money in banks to encourage people,” External link

herald Wednesday, May 26, 2021 1:39:00 AM EAT

John Mangudya said ( about Strategy ) : “We are in the right direction to achieve National Development Strategy 1. Dams are full. The future is looking bright for Zimbabwe. Farmers and industry are doing well. We continue to pray that we continue to work as a team. Our strategy dovetails with Government aspirations,” External link

herald Wednesday, May 26, 2021 1:39:00 AM EAT

John Mangudya said : “This ZWL$60 billion required to pay the farmers is not going to be paid at once but over four to five months period of the entire selling season,” “We sell the maize to the millers, and the millers also pay the money to the Government or GMB and, therefore, money circulates” External link

herald Tuesday, May 18, 2021 5:52:00 AM EAT

John Mangudya said : “They are over ordering their raw materials in anticipation that this thing (might not be there tomorrow) because many people think that it (auction market) is a fluke,” External link

herald Monday, May 3, 2021 3:02:00 AM EAT

John Mangudya said : “When you deal with inflation, it brings (economic) stability and it is good for savers, investors and it is good for consumers because the currency will be stable therefore, it is good for everyone,” External link

herald Monday, May 3, 2021 3:02:00 AM EAT

John Mangudya said : “What (is their business)? You find there are no records. FIU classifies transactions like that as suspicious. Such transactions can only be done by proper and big businesses,” External link

herald Friday, April 30, 2021 3:45:00 AM EAT

John Mangudya said : “Tobacco growers are free to pay for transportation services using either foreign currency or local currency, whichever is convenient to them,” External link

thestandard-zw Sunday, April 25, 2021 2:11:00 AM EAT

John Mangudya said : "I would need to check as withdrawals above the stipulated amounts need approval by the FIU to ensure that they fully comply with antimoney laundering rules and regulations. Asked what the RBZ was doing to ensure they plug huge cash withdrawals, the RBZ chief said: " External link

bulawayo24 Friday, April 23, 2021 10:21:00 AM EAT

John Mangudya said : "We advised banks to ensure that the country receives the best value for money by causing their customers to acquit their documentation of foreign payments and exports," "The rationale is to mitigate the abuse of foreign exchange resources and is in line with best practices" External link

bulawayo24 Friday, April 23, 2021 10:21:00 AM EAT

John Mangudya said : "All transactions by participating bureaux de change will be monitored through the bureau de change transaction reporting system put in place by the bank," "This arrangement is expected to improve the efficacy of the foreign exchange marketing in the country and enhance accessibility of foreign currency by small scale enterprises and individuals through formal channels" External link

bulawayo24 Thursday, April 22, 2021 8:39:00 AM EAT

John Mangudya said : “We need a financial sector strategy which brings in all the players in the sector,” External link

theindependent Thursday, April 15, 2021 3:30:00 AM EAT

John Mangudya said : “Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws,” “When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don’t take this time to do what is right, we won’t sustain the stability, what we are doing is sustaining this stability and these are the measures” External link

theindependent Thursday, April 15, 2021 3:30:00 AM EAT

John Mangudya said : "We need a financial sector strategy which brings in all the players in the sector," External link

onlinenigeria Friday, April 9, 2021 1:33:00 PM EAT

John Mangudya said : "Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws," "When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don't take this time to do what is right, we won't sustain the stability, what we are doing is sustaining this stability and these are the measures" External link

onlinenigeria Friday, April 9, 2021 1:33:00 PM EAT

John Mangudya said : "We need a financial sector strategy which brings in all the players in the sector," External link

bulawayo24 Friday, April 9, 2021 10:16:00 AM EAT

John Mangudya said : "Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws," "When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don't take this time to do what is right, we won't sustain the stability, what we are doing is sustaining this stability and these are the measures" External link

bulawayo24 Friday, April 9, 2021 10:16:00 AM EAT

John Mangudya said : “The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate,” External link

theindependent Wednesday, April 7, 2021 11:00:00 AM EAT

John Mangudya said : “If there are banks, which are still behind, it means they may have challenges. Forty per cent of funds of Zimplats or an exporter, for example, are supposed to come to the Reserve Bank so that money, which is from their exports then goes on to meet the banks’ position,” External link

theindependent Wednesday, April 7, 2021 11:00:00 AM EAT

John Mangudya said : "The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate," External link

onlinenigeria Thursday, April 1, 2021 2:23:00 PM EAT

John Mangudya said : "The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate," External link

bulawayo24 Thursday, April 1, 2021 9:58:00 AM EAT

John Mangudya said : “Tobacco growers are, therefore, free to pay for transportation services using either foreign currency or local currency, whichever is convenient to them,” External link

newsday Monday, March 22, 2021 1:02:00 AM EAT

John Mangudya said : “However, it has come to the attention of RBZ that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers’ bids,” “In line with the Bank’s monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid” External link

thezimbabwemail Thursday, March 18, 2021 3:35:00 PM EAT

John Mangudya said : “The success has been achieved through market price discovery of the exchange rate and provision of a dependable foreign exchange market. Since the inception of the foreign exchange auction system, there has been a significant increase in both the number of bids and the value thereof from just under 100 bids valued at US$11m at the first auction to the current levels of over 500 bids valued at around US$40m at both the main and SME auctions,” External link

thezimbabwemail Thursday, March 18, 2021 3:35:00 PM EAT

John Mangudya said : "However, it has come to the attention of RBZ that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers' bids," "In line with the Bank's monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid" External link

bulawayo24 Thursday, March 18, 2021 9:52:00 AM EAT

John Mangudya said : "The success has been achieved through market price discovery of the exchange rate and provision of a dependable foreign exchange market. Since the inception of the foreign exchange auction system, there has been a significant increase in both the number of bids and the value thereof from just under 100 bids valued at US$11m at the first auction to the current levels of over 500 bids valued at around US$40m at both the main and SME auctions," External link

bulawayo24 Thursday, March 18, 2021 9:52:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "One of foreign exchange auction rules requires banks to ensure that applicants have enough local currency in their accounts to finance their bids," "However, it has come to the attention of the bank that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers' bids. In line with the bank's monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid. Under these exceptional circumstances, bidders would be required to have in their accounts a minimum balance equivalent to 50% to cover their bids. The bank's Exchange Control Division and the Financial Intelligence Unit are continuously monitoring users of foreign exchange in the economy in order to deal with the malpractices," External link

bulawayo24 Thursday, March 18, 2021 9:00:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : “One of foreign exchange auction rules requires banks to ensure that applicants have enough local currency in their accounts to finance their bids,” “However, it has come to the attention of the bank that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers’ bids. In line with the bank’s monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid. Under these exceptional circumstances, bidders would be required to have in their accounts a minimum balance equivalent to 50% to cover their bids. The bank’s Exchange Control Division and the Financial Intelligence Unit are continuously monitoring users of foreign exchange in the economy in order to deal with the malpractices,” External link

newsday Thursday, March 18, 2021 1:40:00 AM EAT

John Mangudya said : "As at 31 December 2020, total international remittances amounted to US$1,7 billion, an increase of 43% from US$1,2 billion recorded during the same period in 2019," External link

bulawayo24 Friday, March 12, 2021 10:34:00 AM EAT

John Mangudya said : “When we sell the maize to the millers, they (millers) also pay the money to the Government or GMB and, therefore, money circulates. So, if you assume that money does not circulate, you come to that conclusion (RBZ will print more money to finance grain purchases),” External link

herald Thursday, March 11, 2021 5:17:00 AM EAT

John Mangudya said : "We are now saying we have gone beyond the disclosure and compliance orders, so we have requested the Government to put in place Statutory Instrument for those who don't want to behave . . . if you can't have self-discipline someone has to foster the discipline and that is through these institutions (FIU and Exchange Control)," External link

bulawayo24 Tuesday, March 9, 2021 9:39:00 AM EAT

John Mangudya said : "We are very bullish about the economy despite the Covid challenges. We are very bullish about the economy, we are very bullish about what we set ourselves to achieve and we are going back to the basics and we want to restore the essence of monetary policy in Zimbabwe through the back to basics and that is what this economy requires and we need your support mainly on market discipline," External link

bulawayo24 Tuesday, March 9, 2021 9:39:00 AM EAT

John Mangudya told : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

onlinenigeria Thursday, March 4, 2021 2:46:00 PM EAT

John Mangudya told : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

bulawayo24 Thursday, March 4, 2021 2:30:00 PM EAT

John Mangudya said : “The fintech regulatory sandbox which will be housed at the bank will be open for financial innovation with effect from 1st March 2021,” External link

theindependent Thursday, March 4, 2021 1:07:00 AM EAT

John Mangudya said : "The fintech regulatory sandbox which will be housed at the bank will be open for financial innovation with effect from 1st March 2021," External link

bulawayo24 Friday, February 26, 2021 10:06:00 AM EAT

John Mangudya said : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "We should increase production to increase exports and when we increase exports we can build strong reserves and we will have foreign currency for our usage" External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "Like what oil is to Nigeria, gold is to Zimbabwe. The precious mineral alone has the potential to turn around the country's fortunes," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "Consequently, the parallel exchange rate premium has reduced to a tolerable band of up to 20%, consistent with experiences in other countries. In addition, the establishment of an appropriate market-based exchange rate system has assisted in dampening pressures on inflation," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "In line with its conservative monetary targeting framework, the RBZ escalated its open market operations from October 2020 by aggressively mopping up excess liquidity through the issuance of short-term OMO savings bonds at 5% per annum interest. As at 31December 2020, the outstanding OMO savings bonds stood at ZWL$14.1bn, representing significant amounts of sterilised excess liquidity," "The OMO savings bonds complemented the existing 7% savings bonds with tenors ranging from 1 year to 5 years and a 30-day rediscount window. The outstanding amount of the 7% savings bonds stood at ZWL$5.6bn as at 31December 2020" External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Consequently, the parallel exchange rate premium has reduced to a tolerable band of up to 20%, consistent with experiences in other countries. In addition, the establishment of an appropriate market-based exchange rate system has assisted in dampening pressures on inflation," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "We should increase production to increase exports and when we increase exports we can build strong reserves and we will have foreign currency for our usage" External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Like what oil is to Nigeria, gold is to Zimbabwe. The precious mineral alone has the potential to turn around the country's fortunes," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Banks need to help us so that we nip these kind of transactions in the bud at the bank level," External link

allafrica Thursday, February 25, 2021 5:08:00 PM EAT

John Mangudya said : “International remittances received through the normal banking system on behalf of international organisations amounted to US$647,8 million in year 2020, a 26% increase from previous year of US$519,4 million,” External link

newsday Thursday, February 25, 2021 7:14:00 AM EAT

John Mangudya said : “In Zimbabwe, we have imported inflation from outside the country which we cannot control. So, when we grow more food we expect the price of maize and wheat products, as well as cooking oil to stabilise,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “It is precisely because of this point that we are calling upon all banks to ensure that they do customer due diligence and customer profiling,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “We are also putting in place a statutory instrument to ensure that the fines are increased, so that we hit the pockets of those who misbehave and that the FIU is improved. We also have no qualms in freezing the accounts of offending parties,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “As the tobacco marketing season approaches, it is important to note that the US$ retention will not change. It is essentially the same across the board; even for gold,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “International remittances received through the normal banking system on behalf of international organisations amounted to US$647,8 million in year 2020, a 26% increase from previous year of US$519,4 million,” External link

newsday Wednesday, February 24, 2021 8:38:00 AM EAT

John Mangudya said : “Under market discipline, we are talking about compliance, we are talking about pricing discipline; including the administrative pricing discipline,” External link

herald Wednesday, February 24, 2021 2:12:00 AM EAT

John Mangudya said : “Banks need to help us so that we nip these kind of transactions in the bud at the bank level,” External link

herald Wednesday, February 24, 2021 2:12:00 AM EAT

John Mangudya said : “Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable,” “The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank’s focus on price and financial system stability” External link

theindependent Wednesday, February 24, 2021 12:58:00 AM EAT

John Mangudya said : “Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses,” External link

theindependent Wednesday, February 24, 2021 12:58:00 AM EAT

John Mangudya said : “Total banking sector loans and advances increased 2,18 times from $37,8 billion as at June 30 2020 to $82,4 billion as at December 31 2020, largely attributed to the translation of foreign currency denominated loans,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya added : “Loans to productive sectors of the economy constituted 84,8% of total banking sector loans as at December 31 2020. The bank’s macroeconomic diagnosis suggests that consumption and investment expenditure are currently the main drivers of the country’s economic output but are being weighed down by lack of long-term lending. In fact, the analysis has shown that the country has been experiencing negative growth on real credit; a situation which dampens investment and the country’s growth potential. These developments underscore the need for measures that selectively redistribute liquidity through promoting long-term savings for long-term lending to the productive sector and also to households for consumption investments,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya said : “In turn, increased economic activity should raise incomes and savings, along with a cycle of benefits in the economy. Banking sector loan portfolio quality continued to improve as reflected by a decline in the non-performing loans (NPLs) to total loans ratio from 1% as at 30 June 2020 to 0,3% as at 31 December 2020, partly reflecting the more than proportionate growth in total loans. During the year ended December 31 2020 all banking institutions were profitable, with aggregate banking sector profits for the period of $34,2 billion, an increase from $6,4 billion reported for the corresponding period in 2019. The growth in income is largely attributable to non-interest income which constituted 79,5% of total income,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya said : "Working closely with banks, the bank (RBZ) has managed to resolve the glitches and payment backlogs experienced last year by some banks' customers in the settlement of funds from the auction," External link

bulawayo24 Sunday, February 21, 2021 10:15:00 AM EAT

John Mangudya said : “Cash payments are an alternative to other methods of transacting and do not constitute money creation. Price dynamics are influenced by the level of money supply in an economy as opposed to its composition (electronic money, transfers, cash, etc.), hence the bank’s firm commitment to keeping the level of money supply growth under control through its conservative or hawkish monetary targeting framework,” External link

dailynews-co-zw Saturday, February 20, 2021 7:08:00 PM EAT

John Mangudya said : "The expected decline in annual inflation to single digit levels will allow banks to meaningfully remunerate depositors, while achieving positive interest rates in real terms. " External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : "Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable," "The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank's focus on price and financial system stability" External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : "Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses," External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : “A significant proportion of the total amount allotted has been earmarked for strategic sectors for imports of essential goods, especially raw materials, equipment, pharmaceuticals, chemicals, fuel and electricity,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : “Of the total amount allotted on the auction to date, more than 70 percent has come from surrender requirements on exports and domestic foreign transactions,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : “Containment of reserve money way below the set quarterly targets is attributable to the bank’s active mopping-up program through open market operations and the strong fiscal consolidation measures that have seen Government completely refraining from resorting to the overdraft window at the Central Bank,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : "Staying on course in fostering price and financial system stability" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The measures presented in this statement are expected to support the attainment of the envisaged economic growth of 7,4 percent in 2021 and to control inflation to below 10 percent by end of December 2021," "This inflation path will be underpinned by a targeted month-on-month inflation rate of below three percent" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The expected decline in annual inflation to single digit levels will allow banks to meaningfully remunerate depositors, while achieving positive interest rates in real terms. " External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable," "The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank's focus on price and financial system stability" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses," External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the Bank's focus on price and financial system stability," External link

xinhuanet_en Friday, February 19, 2021 8:47:00 AM EAT

John Mangudya said : "The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the Bank's focus on price and financial system stability," External link

nampa Friday, February 19, 2021 7:03:00 AM EAT

John Mangudya said : “Notwithstanding COVID-19-related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable,” External link

newsday Friday, February 19, 2021 6:19:00 AM EAT

John Mangudya said : “The decision interest rates takes into account the current liquidity conditions in the market and the need to continue controlling speculative borrowing,” External link

herald Friday, February 19, 2021 2:08:00 AM EAT

John Mangudya said : “Staying on course in fostering price and financial system stability” External link

thezimbabwemail Thursday, February 18, 2021 7:57:00 PM EAT

John Mangudya said : “The measures presented in this Statement are expected to support the attainment of the envisaged economic growth of 7.4 percent in 2021 and to control inflation to below 10 percent by the end of December 2021,” External link

thezimbabwemail Thursday, February 18, 2021 7:57:00 PM EAT

John Mangudya said : “We believe we will still be able to achieve our inflation targets for the year, below 1 percent for the rest of the year and single digit figure by end of the year,” External link

herald Wednesday, February 10, 2021 1:45:00 AM EAT

John Mangudya said : “But we have also suffered from the effects of imported inflation due to trade restrictions caused by the Covid-19 pandemic, and as I have always highlighted we need to produce more locally,” External link

herald Wednesday, February 10, 2021 1:45:00 AM EAT

John Mangudya said : “The unbundling of FPR is designed to partially privatise the gold refining business by allowing private players to acquire a stake therein and in the process secure and endear the private sector’s interests in the production and marketing of gold in Zimbabwe,” External link

herald Tuesday, February 9, 2021 2:25:00 AM EAT

John Mangudya said : “Accordingly, the bank shall retain 40 percent shareholding in FPR and dispose of 60 percent shareholding to both the large-scale and small-scale gold producers,” External link

herald Tuesday, February 9, 2021 2:25:00 AM EAT

John Mangudya said : "What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system," "So its net effect is zero on the increase in money supply" External link

onlinenigeria Thursday, January 21, 2021 2:57:00 PM EAT

John Mangudya said : "What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system," "So its net effect is zero on the increase in money supply" External link

bulawayo24 Thursday, January 21, 2021 10:26:00 AM EAT

John Mangudya said : “What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system,” “So its net effect is zero on the increase in money supply” External link

newsday Thursday, January 21, 2021 8:11:00 AM EAT

John Mangudya said : “There is minimal creation of money by the reserve bank. The only money that has been done is the medium term financing facility which is for the productive sector,” External link

thezimbabwemail Saturday, January 16, 2021 12:23:00 AM EAT

John Mangudya said : “For the time being, the bank has no plans to introduce $100 and $200 bank notes as suggested in some sections of the media,” External link

dailynews-co-zw Thursday, January 14, 2021 5:13:00 PM EAT

John Mangudya said : “For the time being, the Bank has no plans of introducing Z$100 and Z$200 banknotes as suggested in some sections of the media,” External link

thezimbabwemail Wednesday, January 13, 2021 4:09:00 AM EAT

John Mangudya said : “The MPC resolved to ensure that the allotment of foreign currency on the foreign exchange auction and the interbank market continues to be guided by the priority list which places productive imports such as raw materials, consumables and capital goods ahead of foreign exchange requirements for services, education and portfolio investment,” External link

dailynews-co-zw Saturday, January 9, 2021 9:25:00 PM EAT

John Mangudya said : “The bank will continue to review and refine measures to enhance the sustainability of the foreign exchange auction system, which has been critical in anchoring the management of foreign currency and price and financial system stability in Zimbabwe,” External link

dailynews-co-zw Saturday, January 9, 2021 9:25:00 PM EAT

John Mangudya said : “We think we are going to do between 2 percent and 3,5 percent negative growth, as opposed to 4,1 percent (negative growth because we have seen that the economy is not doing badly,” External link

thezimbabwemail Friday, January 8, 2021 4:25:00 PM EAT

John Mangudya said : “Going forward we expect 2021 to be a year of greatness on the country’s economy, greatness in terms of stability, policy consistency, employment creation, saving foreign exchange and in terms of welfare of ordinary people,” External link

herald Monday, January 4, 2021 2:23:00 AM EAT

John Mangudya said ( about Strategy ) : “We need monetary, fiscal and financial stability. These three pillars will help sustain the growth of the economy by at least seven percent as envisaged by National Development Strategy 1 and build that momentum and achieve Vision 2030,” “We also need a value system of mutual respect, unity, love and peace. Our mandate and philosophy as well is that we need to ensure that we continue to tame inflation, ensure macro-economic stability and policy consistency” External link

herald Monday, January 4, 2021 2:23:00 AM EAT

John Mangudya said : "The economy is not doing badly; the reason why businesses are increasing prices is that people have money. If people did not have money, they would not increase prices, therefore, the business sector's response has been to increase prices," External link

bulawayo24 Thursday, December 31, 2020 2:15:00 PM EAT

John Mangudya said : “The economy is not doing badly; the reason why businesses are increasing prices is that people have money. If people did not have money they would not increase prices, therefore, the business sector’s response has been to increase prices,” External link

herald Thursday, December 31, 2020 2:03:00 AM EAT

John Mangudya says : “Others (businesses) use $90, $95 and $100 (exchange rates against the United States dollar), again as stated, this is non-compliance (with policies). It is nothing else besides non-compliance,” External link

newsday Tuesday, December 29, 2020 8:00:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "We are really concerned with this level of non-compliance, what concerns us even more is that we cannot even quantify how much we are losing in these transactions because they operate illegally but we also are aware that it is happening. Our Financial Intelligence Unit is working round the clock to bring these individuals to book but these people are continuously upgrading their operations like the use of the EFTs to keep ahead of law enforcement agents, but eventually we will bring them all to book," External link

bulawayo24 Sunday, December 27, 2020 10:55:00 AM EAT

John Mangudya said : "In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate," External link

allafrica Friday, December 25, 2020 3:09:00 AM EAT

John Mangudya said ( about Monetary Policy ) : "In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate," External link

bulawayo24 Thursday, December 24, 2020 8:51:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate,” External link

thezimbabwemail Thursday, December 24, 2020 3:00:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate,” External link

herald Thursday, December 24, 2020 2:58:00 AM EAT

John Mangudya said : "As already advised by the US Embassy in Zimbabwe in its tweet on 16 November 2020, the Bank wishes to inform and restate the position of the US government that US$ notes do not expire no matter their age, and the US government does not even consider old, worn notes to be mutilated as long as than half of the note is intact, and the value of the note is clear," External link

bulawayo24 Tuesday, December 22, 2020 10:08:00 AM EAT

John Mangudya déclaré : "Il a été porté à l'attention de la Banque de réserve du Zimbabwe que certaines personnes refusaient d'accepter les vieux billets usagés en dollars américains, alléguant qu'ils sont vieux et détériorés et donc sans valeur" External link

french.china.org.cn Monday, December 21, 2020 11:32:00 PM EAT

John Mangudya indiqué : "Au profit du public effectuant des transactions et comme l'a déjà précisé l'ambassade des Etats-Unis au Zimbabwe dans son tweet du 16 novembre 2020, la Banque souhaite informer et réaffirmer la position du gouvernement des Etats-Unis, selon laquelle les billets en dollars américains restent valides quel que soit leur âge, et que le gouvernement américain ne considère pas les vieilles coupures usagées comme détériorées tant que plus de la moitié du billet est intacte et que la valeur de celui-ci est clair" External link

french.china.org.cn Monday, December 21, 2020 11:32:00 PM EAT

John Mangudya said : “The instruments are there. We have got plenty of statutory instruments in Zimbabwe but compliance is our weakest point in Zimbabwe,” External link

zimeye Monday, December 21, 2020 3:01:00 PM EAT

John Mangudya said : "The instruments are there. We have got plenty of statutory instruments in Zimbabwe but compliance is our weakest point in Zimbabwe," External link

bulawayo24 Monday, December 21, 2020 10:43:00 AM EAT

John Mangudya said : “So, despite gold having gone down, in terms of value, other mining products especially platinum pushes the mining sector upwards,” External link

dailynews-co-zw Sunday, December 20, 2020 10:32:00 PM EAT

John Mangudya said : “You are very right about what is being observed. Others (businesses) use $90, $95 and $100 (exchange rate against the United States dollar), again as stated, this is non-compliance,” “It is nothing else besides non-compliance” External link

zimeye Sunday, December 20, 2020 4:58:00 PM EAT

John Mangudya said : "You are very right about what is being observed. Others (businesses) use $90, $95 and $100 (exchange rate against the United States dollar), again as stated, this is non-compliance," "It is nothing else besides non-compliance" External link

bulawayo24 Sunday, December 20, 2020 10:12:00 AM EAT

John Mangudya said : "Accordingly, the bank shall retain 40 % shareholding in FPR and dispose of 60% shareholding to both the large and small-scale gold producers," External link

allafrica Sunday, December 20, 2020 4:24:00 AM EAT

John Mangudya said : “Despite the negative effect of Covid-19, this economy has been resilient and we want to thank the business community for continuously working hard for this economy,” External link

thezimbabwemail Sunday, December 20, 2020 3:00:00 AM EAT

John Mangudya said : “We spent US$4 billion after having earned US$5,8 billion. It means that our nostro position increased, because you now say income minus earnings, gives you what you are holding, so these are the numbers” External link

thezimbabwemail Sunday, December 20, 2020 3:00:00 AM EAT

John Mangudya said : “Yes, the pricing of public utilities is also of concern, of great concern. We have advised government, we have advised the Minister of Finance that we need to be responsible when it comes to public utilities because the way the figures go up appears like there is no relationship with the rest of the products,” External link

zimeye Friday, December 18, 2020 2:14:00 PM EAT

John Mangudya said : "Yes, the pricing of public utilities is also of concern, of great concern. We have advised government, we have advised the Minister of Finance that we need to be responsible when it comes to public utilities because the way the figures go up appears like there is no relationship with the rest of the products," External link

bulawayo24 Friday, December 18, 2020 10:12:00 AM EAT

John Mangudya said : "The unbundling of FPR is meant to partially privatise the gold refining business by allowing private players to acquire a stake therein," External link

miningweekly Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : "The liberalisation of free funds that was done through Statutory Instrument 85 of 2020 has helped this economy significantly because Zimbabwe is currently earning around US$150 million in cash on a monthly basis; that is US$90 million from Diaspora remittances and about US$60 million that is paid to artisanal gold miners on a monthly basis," "That cash is in this economy. And the best way for that cash to come to the banks and to circulate was that we liberalise the use of free funds so that the money comes into the banks, it circulates in the economy, goes into the auction system and the economy goes forward" External link

bulawayo24 Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : "The Bank's board of directors resolved to dispose of Tuli Coal (Private) Limited to government and to unbundle Fidelity Printers and Refiners (Private) Limited (FPR) into two entities, that is (i) gold refining and (ii) printing and minting," External link

bulawayo24 Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : “The liberalisation of free funds that was done through Statutory Instrument 85 of 2020 has helped this economy significantly because Zimbabwe is currently earning around US$150 million in cash on a monthly basis; that is US$90 million from Diaspora remittances and about US$60 million that is paid to artisanal gold miners on a monthly basis,” “That cash is in this economy. And the best way for that cash to come to the banks and to circulate was that we liberalise the use of free funds so that the money comes into the banks, it circulates in the economy, goes into the auction system and the economy goes forward” External link

herald Thursday, December 17, 2020 2:57:00 AM EAT

John Mangudya told : “You are doing a fantastic job in mining, you give us hope,” External link

herald Friday, December 11, 2020 2:01:00 AM EAT

John Mangudya told : "Financial integrity means that banks settle transactions outside the public glare. Don't contaminate banking with politics," External link

bulawayo24 Thursday, December 3, 2020 10:26:00 AM EAT

John Mangudya said : “So, these are things we do every day. You need to know who your customer is for the sake of your business’s integrity,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya added : “A chief executive officer’s job is to ask about compliance first and foremost,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya told : “Such things are critical, and that is one area where we have a deficiency. So, we need to ensure that when we talk about grey lists we can improve by doing what I am saying,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya said : "As the Central bank we are happy with the level of macroeconomic stability being experienced in the economy and we will always regard it as the core value of our existence hence we will put more effort in this regard" External link

bulawayo24 Monday, November 30, 2020 10:25:00 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



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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Quotes... Extracted quotes about

Tendai Biti said ( about John Mangudya ) : "The elephant in the room is the RBZ and under John Panonetsa Mangudya, it has become rogue institution. In my respectful opinion the country does not actually need a reserve bank. Let us have a currency board," "All the RBZ does is dabble in quasi-fiscal activities which cost you and I. last years we have had two debt assumptions. The country's domestic debt has grown from US$1,5 billion in 2015 to US$3,5 billion in December of 2021. That is not good enough, that is a rogue central bank," External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

Tendai Biti charged ( about John Mangudya ) : "So, it is not a question of the supply of US dollars, it is a question of how that money is being used. They are wasting their time in supporting an expensive non factional auction system that is taking US$40 million a week on the auction systems. No government can afford that. Abolish the auction system, redollarise, stop taking people's money through exports surrender requirements and most importantly stop corruption," "They are stealing money out to Mauritius; they are buying houses for their wives and jets for their children and that is the problem. That statement alone John said there is now US$9 billion sitting in accounts and when the money sits in an account it belongs to the bank and it can do whatever it wants, so there is lots of money in Zimbabwe. When I left, I left US$6,5 billion, and they actually now have more than what was there during the time of the GNU when the US dollar was working" External link

bulawayo24 Tuesday, February 8, 2022 10:38:00 PM EAT

Tony Hawkins said ( about John Mangudya ) : “In 2018/19, he (Mangudya) promised to preserve value (of the Zimdollar), but since then prices have gone up 3 000% and the currency’s value has devalued by 99%,” “He talks about people using the local currency, but if you go to my bank, the hole in the wall (ATM machine) tells you can draw $2 000 which is now worth US$0,88,” External link

newsday Wednesday, February 2, 2022 1:21:00 AM EAT

Tony Hawkins said ( about John Mangudya ) : “In 2018/2019 he (Mangudya) promised to preserve value (of the Zimbabwe dollar) but since then prices have gone up 3 000% and the currency’s value has devalued by 99%,” External link

thezimbabwemail Saturday, January 29, 2022 4:13:00 AM EAT

Emmerson Mnangagwa said ( about John Mangudya ) : “I have been told by companies that there is delay in the disbursement of allocated funds. I promise to have further discussions with the governor of the Reserve Bank of Zimbabwe (Dr John Mangudya) to see what constraints they are facing,” External link

theindependent Monday, May 31, 2021 10:49:00 AM 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 added : “The Bank will, therefore, continuously review its monetary policy toolkit in line with monthly inflation developments,” External link

thezimbabwemail Friday, August 12, 2022 3:56:00 PM EAT

John Mangudya said : “The bank strongly believes that the current tight monetary policy stance complemented by the strong will by Government to putting in place measures that deal with factors that destabilise the foreign exchange market will result in exchange rate and price stability in the near and short-term,” “Thus, the decline in month-on-month inflation is expected to continue up to the end of this year and into 2023. This is essential for value preservation of the local currency and sine qua non to promote its use for transactional purposes” External link

herald Friday, August 12, 2022 4:57:00 AM EAT

John Mangudya told : “There is nothing spectacular, but it’s (mid-term, monetary policy statement) coming. It’s a matter of consolidation,” External link

newsday Wednesday, August 3, 2022 1:39:00 AM EAT

John Mangudya said : “In view of the said developments and outlook, the MPC resolved to maintain the interest rates at current levels. The tight monetary policy stance would be buttressed by the favourable uptake of gold coins which were introduced in the economy on July 25, 2022 as an alternative stable financial product for store of value … The MPC will continue to review interest rates on a regular basis in line with month-on-month inflation developments,” External link

newsday Wednesday, August 3, 2022 1:39:00 AM EAT

John Mangudya said : “We need to be a positive society for the common good of the country,” External link

herald Tuesday, August 2, 2022 1:54:00 AM EAT

John Mangudya said : “The MPC also noted that the disinflation trend will be reinforced by measures government was taking to deal with factors that destabilise the foreign exchange market, particularly by reviewing the basis and framework for payments to its suppliers of goods and services in its quest to stabilise the foreign exchange market and enhance value for money,” “The MPC further noted that while monthly inflation is expected to continue to decelerate during the outlook period, annual inflation will continue to increase up to September 2022 as a result of the lower base effect in 2021” External link

newsday Tuesday, August 2, 2022 1:47:00 AM EAT

John Mangudya told : "The Bank has today released the first batch of 2,000 Mosi-oa-Tunya (The Smoke Which Thunders) gold coins to the market. Local agencies commenced selling the gold coins on an agency basis at the initial price of 1,823.83 U.S. dollars per gold coin or 805,745.35 Zimbabwean dollars using the willing buyer willing seller selling rate as at Friday," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "The gold coins as we have advised before, are a good alternative investment product for those who want to store value. Gold is a safe and secure reserve asset throughout the world," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "What we expect to see is that we see stabilization in the exchange rate and therefore by extension the pass-through effects into the prizing system all going down. And therefore we expect to see price stability in the economy," External link

xinhuanet_en Tuesday, July 26, 2022 2:07:00 PM EAT

John Mangudya said : "It is sustainable because not everyone will afford buying the gold coins. The limiting factor is the quantity of money at the central bank which belongs to the banks and the excess balances that you got yourselves as individuals and corporates. Therefore, it is not more about us just minting gold coins. For example, a tonne of gold will give you more than 30 000 pieces of gold coins and that will take away all the Zimdollars in this market" External link

bulawayo24 Tuesday, July 26, 2022 10:46:00 AM EAT

John Mangudya said ( about British ) : “For the time being banks can only receive the coins from the Reserve Bank for onward selling to their customers on behalf of the Reserve Bank and non-resident buyers shall only buy the Mosi-oa-Tunya gold coins in denominated foreign currencies,” “Denominated currencies for the purpose of buying gold coins will include the British pound, the euro, Australian dollar, Botswana pula, and the rand” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “We have minted more than 2 000 coins, but we have only released that number to test the market and we have the capacity to meet demand when it arises. The bank will release the coins on a demand basis going forward,” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “The insurance companies and banks can make more products from these gold coins. Zimnat and Old Mutual can do gold unit trusts for their clients and investment companies can come up with gold exchange-traded funds,” External link

herald Tuesday, July 26, 2022 2:19:00 AM EAT

John Mangudya said : “The gold coins are therefore expected to stabilise prices through taming the parallel exchange rates that have a pass through effect in inflation,” External link

thezimbabwemail Monday, July 25, 2022 5:11:00 PM EAT

John Mangudya said : “The gold coins are therefore expected to stabilise prices through taming the parallel exchange rates that have a pass through effect in inflation,” External link

herald Monday, July 25, 2022 3:17:00 PM EAT

John Mangudya said : "Because of hyperinflation and past experiences, people in Zimbabwe have increased demand for foreign currency as a store of value," External link

bulawayo24 Sunday, July 24, 2022 12:06:00 PM EAT

John Mangudya said : "If we sell it in foreign currency, what are we trying to achieve? The local currency is the Zimbabwe dollar and that is what we want to strengthen. " External link

bulawayo24 Sunday, July 24, 2022 12:06:00 PM EAT

John Mangudya said : "The purpose of tightening monetary policy is to align the policy rate to inflation. The Bank did not violate the common law of the in duplum rule as the policy is a short and sharp reaction to correct inflationary pressures. The total amount of arrear interest on loans has not yet accrued to amounts equal to the outstanding principal debts" External link

bulawayo24 Friday, July 15, 2022 11:16:00 AM EAT

John Mangudya told : "The economy's fundamentals are doing well. This economy is not as bad as we paint it. We are not a basket case. Our policies are consistent. Let us have less bad news," External link

bulawayo24 Wednesday, July 13, 2022 10:35:00 AM EAT

John Mangudya added : "The backlog is there. Last week we cleared SMEs auctions. The main auction 94-99 to become current. Our last auction was 101 and this week we will clear 100 then seal with auctions before 94 by the end of July so that they do not become a moving target. We want to make sure that there is no backlog," External link

bulawayo24 Wednesday, July 13, 2022 10:35:00 AM EAT

John Mangudya said : “As you are aware, the US dollar has largely been used for two things; for the importation of goods and store of value. The gold coins will provide an alternative investment option to the US dollar as a store of value,” External link

herald Tuesday, July 5, 2022 2:08:00 AM EAT

John Mangudya said : “Operational modalities for the handling of the gold coins shall be availed in due course,” External link

herald Tuesday, July 5, 2022 2:08:00 AM EAT

John Mangudya said : “Operational modalities for the handling of the gold coins shall be availed in due course,” External link

herald Monday, July 4, 2022 5:42:00 AM EAT

John Mangudya said : "As we have said, these coins will be minted at Fidelity Printers, who will be in charge of the distribution together with the banks and international banking partners. The images that have been circulating are fake and the public should stand guided. For now Fidelity has been given the green-light to start minting the coins so we expect that the coins will be available in the market by mid-July," External link

bulawayo24 Sunday, July 3, 2022 12:14:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) resolved to introduce gold coins into the market as an instrument that will enable investors to store value, the gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels, the primary aim and objective is to preserve the store of value for wealth so the process has started and minting has also started,” External link

thezimbabwemail Friday, July 1, 2022 9:51:00 PM EAT

John Mangudya said ( about Monetary Policy ) : “The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) resolved to introduce gold coins into the market as an instrument that will enable investors to store value,” “The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels” External link

aljazeera-en Tuesday, June 28, 2022 4:54:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

businessday Tuesday, June 28, 2022 3:59:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

business-standard Tuesday, June 28, 2022 2:14:00 AM EAT

John Mangudya said : "The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels," External link

bulawayo24 Monday, June 27, 2022 9:35:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

news-yahoo Monday, June 27, 2022 7:03:00 PM EAT

John Mangudya said : “The gold coins will be minted by Fidelity Gold Refineries (Private) Limited and will be sold to the public through normal banking channels,” External link

herald Monday, June 27, 2022 4:18:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

news-yahoo Monday, June 27, 2022 3:03:00 PM EAT

John Mangudya said : “The monetary policy committee expressed great concern on the recent rise in inflation,” “The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years” External link

thezimbabwemail Monday, June 27, 2022 2:06:00 PM EAT

John Mangudya said ( about Association ) : "Taking into account the submissions by the Bakers Association of Zimbabwe and the need to stabilise the price of bread, the Reserve Bank of Zimbabwe agreed with the bakers association that its members would access their full requirement of foreign exchange through the weekly foreign exchange auctions for importation of inputs and procurement of fuel for the distribution of bread across the country," External link

bulawayo24 Monday, June 20, 2022 9:28:00 PM EAT

John Mangudya said : "They make significant profit margins by borrowing at concessionary terms, stocking and then selling their products in United States dollars or in Zimbabwe (ZW) dollars at inflated parallel market exchange rates, thus enabling them to easily pay off the loans from a portion of the proceeds, and start the borrowing cycle again," External link

bulawayo24 Monday, June 20, 2022 9:29:00 AM EAT

John Mangudya said : “They make significant profit margins by borrowing at concessionary terms, stocking and then selling their products in United States dollars or in Zimbabwe (ZW) dollars at inflated parallel market exchange rates, thus enabling them to easily pay off the loans from a portion of the proceeds, and start the borrowing cycle again,” External link

newsday Monday, June 20, 2022 1:13:00 AM EAT

John Mangudya said : "A total of 29 629.61kg of gold was delivered to Fidelity Gold Refinery in 2021. Large gold producers delivered 11 159kg, whilst small-scale producers contributed 18 470kg," "Small and large gold producers have delivered a total of 29 629,61kg of gold to Fidelity Gold Refinery (FGR) in 2021, a 55,5% increase from the 19 052,65kg delivered in 2020" External link

bulawayo24 Saturday, June 18, 2022 6:33:00 PM EAT

John Mangudya warned : "any entity found to have actively engaged in exchange rate manipulation in order to derive illicit gains from loans shall also be referred for prosecution" External link

bulawayo24 Saturday, June 18, 2022 9:47:00 AM EAT

John Mangudya warned : “any entity found to have actively engaged in exchange rate manipulation in order to derive illicit gains from loans shall also be referred for prosecution” External link

herald Saturday, June 18, 2022 2:01:00 AM EAT

John Mangudya said : “You want to be paid in foreign currency, did you put your US dollar in the bank? Whose money do you want to take? Do you want to take Mimosa or Zimplats money?” External link

newsday Friday, June 17, 2022 1:26:00 AM EAT

John Mangudya asked : “You want to be paid in foreign currency, did you put your US dollar in the bank? Whose money do you want to take? Do you want to take Mimosa or Zimplats money?” External link

newsday Friday, June 17, 2022 1:26:00 AM EAT

John Mangudya told : "Arbitrage business models being pursued by some entities are not good for the economy, its selfish business models, not sustainable, its inflationary, its punishing the consumers, it undermines business confidence and is counterproductive," External link

bulawayo24 Sunday, June 12, 2022 11:53:00 AM EAT

John Mangudya said : "Broad money amounted to $589,09 billion in March 2022, compared to $506,13 billion in February 2022," External link

bulawayo24 Sunday, June 12, 2022 11:53:00 AM EAT

John Mangudya said : "We have been there before in 2018. We will have parallel market of virtual money," External link

bulawayo24 Tuesday, June 7, 2022 8:33:00 PM EAT

John Mangudya said : “Let’s cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars,” External link

thezimbabwemail Monday, June 6, 2022 12:44:00 AM EAT

John Mangudya said : “Let’s cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars,” External link

herald Sunday, June 5, 2022 6:21:00 PM EAT

John Mangudya said : "Let's cherish partial dollarisation. As we continue under partial dollarisation, do not undermine the other currency because of US dollars," External link

bulawayo24 Saturday, June 4, 2022 10:55:00 PM EAT

John Mangudya said ( about Strategy ) : "We appreciate the confidence that has been imposed on Zimbabwe by EIB through this and other facilities. This facility is going to generate employment, export economic diversity and consequently more sustainable economic growth which is in line with the country's aspirations under the National Development Strategy 1," "Private sector development is critical in growing and diversifying the Zimbabwean economy, creating opportunities for youth employment, growing the SMEs, growing exports, growing public finance, revenues and expanding the economy" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya added : "This facility from EIB is essential for developing the economy and reducing pressure on the foreign exchange auction system" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya said : "We expect overdrafts to be for working capital and this term facility to be developmental finance for developing companies and your customers. So we are happy that this facility is focusing more on exports so as to enhance foreign currency in this country" External link

bulawayo24 Thursday, June 2, 2022 12:04:00 PM EAT

John Mangudya said : “Prices are not just rising in Zimbabwe. Look at the price of fuel, wheat and others, across the world, you will realise that it is not only in Zimbabwe but a global phenomenon,” External link

herald Monday, May 23, 2022 2:17:00 AM EAT

John Mangudya told : "We know this is a painful, but necessary, measure. It was necessary because of the increase in inflation. Some entities were now using funds from banks to purchase foreign currency," External link

news24 Thursday, May 19, 2022 10:37:00 AM EAT

John Mangudya said : “When the Americans invest here their money comes to the stock exchange,” External link

theindependent Tuesday, May 17, 2022 6:31:00 AM EAT

John Mangudya said : “FPR is not for sale anymore and a decision was reached with the central bank board. RBZ remains the 100% shareholder of FPR and it is not for sale anymore. That is the position,” External link

theindependent Tuesday, May 17, 2022 6:31:00 AM EAT

John Mangudya said : "Entities were borrowing substantial amounts of money from banks, they would then use that money for the purposes of manipulating the exchange rate. They would take the funds today, when there is a certain rate, after a month or two, they then repay the loan in full, knowing that it will have lost its value compared to when they took the loan. They were servicing the loans through depreciation of currency, in other words these entities were ‘burning'. They were leveraging on high borrowing for financial gain through manipulating the exchange rate, thereby depreciating the value of their loans," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "It is unfortunate that while these entities were manipulating the parallel market, it means it wasn't affecting them but the people who were bearing the brunt of this illicit activity were the consumers because they end up paying for goods which are priced at prices indexed on the parallel market, where the entities now increase the rate of exchange willy-nilly. This is the reason we thus decided to come up with those stringent measures as we felt that enough is enough and there is a need to weed out these corrupt elements. We have identified them and we will soon be naming them for prosecution," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "We call these commercial financial crimes and therefore our laws in the country are clear on the regulations and how we are meant to deal with financial crimes of that nature, hence these are the charges that will be laid against them. Once we finish our investigations we will then be in a position to lift the suspension of the ban in lending by banks. Our first step, which we are in now, has been the identification of the problem, then we investigate after that, the entities or the individuals will be brought to book, we want to do everything above board so that we solve this ill-practice that is affecting our country's economy," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : "What we have found out is what I have told you, that other corporates were heavily borrowing from the market or from the banks for the purposes of using that money to purchase their products and manipulate the exchange rate, which is called currency attack," External link

bulawayo24 Sunday, May 15, 2022 8:51:00 AM EAT

John Mangudya said : “What we have found out is what I have told you, that other corporates were heavily borrowing from the market or from the banks for the purposes of using that money to purchase their products and manipulate the exchange rate, which is called currency attack,” External link

thezimbabwemail Sunday, May 15, 2022 3:56:00 AM EAT

John Mangudya said : "When the Americans invest here their money comes to the stock exchange," External link

bulawayo24 Friday, May 13, 2022 9:56:00 PM EAT

John Mangudya said : “We bring your attention to paragraph 40 of the Presidential announcement on the suspension of lending by banking institutions, building societies, development finance institutions, deposit-taking and credit-only micro-finance institutions to the government and private sector,” External link

newsday Wednesday, May 11, 2022 1:30:00 AM EAT

John Mangudya told : “We know this is a painful, but necessary, measure. It was necessary because of the increase in inflation. Some entities were now using funds from banks to purchase foreign currency,” External link

wsau Tuesday, May 10, 2022 5:37:00 PM EAT

John Mangudya said : “The country generated foreign currency amounting to US$9,7 billion in 2021 and has so far received US$2,4 billion for the first quarter of 2022, representing an increase of 17,6 percent from US$2,04 billion received during the same period in 2021,” External link

thezimbabwemail Saturday, May 7, 2022 6:13:00 PM EAT

John Mangudya said : "The increase in inflation was as a result of a combination of global shocks and the pass-through effects of the recent exchange rate depreciation on the parallel market, with a significant proportion of the inflationary pressures emanating from the impact of the on-going Russia-Ukraine conflict. The committee noted with satisfaction that the economic fundamentals have remained strong to support a stable exchange rate as evidenced by a favourable current account balance, positive growth of the real sector, public works undertaken by government, fiscal sustainability and a tight monetary policy stance," External link

bulawayo24 Wednesday, May 4, 2022 9:14:00 AM EAT

John Mangudya said : “Government and the Bank are committed to an orderly de-dollarisation process and hence it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods in the market and abet inflation. All foreign exchange accounts are safe and the Bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

newsday Monday, May 2, 2022 1:14:00 AM EAT

John Mangudya said : "The country generated foreign currency amounting to US$9,7 billion in 2021 and has so far received US$2,4 billion for the first quarter of 2022, representing an increase of 17,6 percent from US$2,04 billion received during the same period in 2021," External link

bulawayo24 Sunday, May 1, 2022 1:10:00 PM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

zimeye Monday, April 25, 2022 2:39:00 PM EAT

John Mangudya responded : "Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid' the accounts as alleged in the CZI paper" External link

bulawayo24 Monday, April 25, 2022 11:42:00 AM EAT

John Mangudya responded : "Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid' the accounts as alleged in the CZI paper" External link

bulawayo24 Monday, April 25, 2022 11:42:00 AM EAT

John Mangudya said : "The bank wishes to advise the public that, Standard Chartered Bank Zimbabwe Limited has formally advised that the Standard Chartered Group has made a decision to divest of its business interest in Zimbabwe," "While the divestiture will result in change of ownership and control of Standard Chartered Bank Zimbabwe Limited, the latter which is currently adequately capitalised, liquid and profitable will continue to operate normally under the purview of the Bank" External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya said : "The contents of the said CZI paper and the impressions depicted therein are unfortunate and uncalled for as they have the potential of destabilising financial markets and economic stability of the country," External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya said : "The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods in the market and abet inflation," External link

bulawayo24 Monday, April 25, 2022 10:50:00 AM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

zimeye Monday, April 25, 2022 3:08:00 AM EAT

John Mangudya responded : “Government and the bank (RBZ) are committed to an orderly de-dollarisation process and, hence, it is false that a mono-currency system is now in place. The foreign exchange auction system remains in place and will not be suspended as doing so will cause shortages of goods on the market and abet inflation. All foreign exchange accounts are safe and the bank has no reason or appetite to ‘raid’ the accounts as alleged in the CZI paper” External link

newsday Monday, April 25, 2022 1:41:00 AM EAT

John Mangudya said : “The Afreximbank remains an important lender to Zimbabwe and has assisted the country with access to foreign finance at a time when most international financial institutions (IFIs) are not lending to the country,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya added : “In order to prevent the abuse of the system, banks will be implored to play their part by conducting robust Know Your Customer (KYC) and Customer Due Diligence (CDD) principles. The bigger picture of the recently introduced measure is that it aims to provide a guide to market discovery and is also envisaged to go a long way enhancing confidence in foreign exchange market and in reducing illegal trading of foreign currency by economic agents. Market discipline is essential in any economy,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya said : “As part of measures to foster financial sector stability, the role of central banks is to ensure a smooth orderly exit and entry of any shareholder into the financial services sector,” External link

theindependent Saturday, April 23, 2022 6:45:00 AM EAT

John Mangudya said : “The economy continues to show strong optimism in 2022 with the Purchasing Managers’ Index produced by ZimStat at 50,7 percent in the last quarter of 2021, representing a 10 percentage point increase from 40,7 percent recorded in the third quarter,” External link

herald Friday, April 22, 2022 2:20:00 AM EAT

John Mangudya said : "The RBZ advises the public that it has ordered Simbisa Brands to cease operating the money transferring service branded or styled InnBucks with immediate effect," "In November 2021 the bank directed InnBucks to apply for and obtain necessary approvals in order to continue operating. To date the company has not regularised the service as directed" External link

bulawayo24 Wednesday, April 20, 2022 10:19:00 PM EAT

John Mangudya said ( about Medium Enterprises ) : “You may also recall that, the minimum for the Small to Medium Enterprises foreign exchange is US$2 500, while amounts below this were being met through the bureux de change at the prevailing exchange rate plus a cost-plus margin of a maximum of 10%,” External link

theindependent Friday, April 15, 2022 8:27:00 PM EAT

John Mangudya said : “This policy direction is also expected to go a long way in curbing parallel market activities due to increased scope for trading foreign currency through normal banking channels,” External link

theindependent Friday, April 15, 2022 8:27:00 PM EAT

John Mangudya said : "Engagements with the AfDB is a continuous process which we continue to do with the bank. You need support from the people who assist you towards arrears clearance. You need both domestic and international support to ensure that arrears are cleared," External link

bulawayo24 Friday, April 8, 2022 12:24:00 PM EAT

John Mangudya said : “Further liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1 000 under an arrangement agreed upon between banks and Bank and in terms of which individuals with free funds and entities or corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer willing-seller basis,” External link

herald Tuesday, April 5, 2022 3:09:00 PM EAT

John Mangudya said : "Further liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1 000 under an arrangement agreed upon between banks and Bank and in terms of which individuals with free funds and entities or corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer willing-seller basis," External link

bulawayo24 Tuesday, April 5, 2022 9:45:00 AM EAT

John Mangudya said : "We are monitoring the situation; we cannot relax thinking things will work by themselves – no! We need to continue to tighten, we are going to tighten the monetary policy to ensure that we bring order to the economy," External link

bulawayo24 Sunday, April 3, 2022 11:36:00 AM EAT

John Mangudya said : "We need to bring stability in the exchange market and the money we have released will substantially expunge a big chunk of the blacklog," External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

John Mangudya said : "Our major thrust is on stability and to ensure there is convergence so that we can have a single exchange rate," "This will dampen exchange rate volatility" External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

John Mangudya said : “We need to bring stability in the exchange market and the money we have released will substantially expunge a big chunk of the backlog,” External link

herald Tuesday, March 29, 2022 2:42:00 AM EAT

John Mangudya said : “Our major thrust is on stability and to ensure there is convergence so that we can have a single exchange rate,” “This will dampen exchange rate volatility” External link

herald Tuesday, March 29, 2022 2:42:00 AM EAT

John Mangudya said : “As you are aware, Fidelity Printers is a service institution serving the gold producers — small, large and artisanal by processing their gold just as good as the Minerals Marketing Corporation of Zimbabwe processes minerals for the export market on behalf of the miners or Grain Marketing Board buying maize,” External link

herald Monday, March 21, 2022 2:51:00 AM EAT

John Mangudya added : “The MPC also agreed to ensure continued synchronisation of the government payments and market liquidity positions in order to foster strong adherence to quarterly reserve money targets and manage inflation expectations among other measures,” External link

thezimbabwemail Monday, March 7, 2022 12:37:00 PM EAT

John Mangudya added : "The MPC also agreed to ensure continued synchronisation of the government payments and market liquidity positions in order to foster strong adherence to quarterly reserve money targets and manage inflation expectations among other measures," External link

bulawayo24 Sunday, March 6, 2022 2:02:00 PM EAT

John Mangudya told : “We incurred a bill of almost US$3,2 billion or so,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “The funds have been blocked in Zimbabwe and the government and ourselves, as the RBZ, are coming up with instruments to ensure that Zimbabwe is honouring those. This is money that belongs to the foreigners,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya added ( about Finance Act ) : “We now have both, the legal form of these blocked funds which is the Finance Act 7 of 2021 and the second one is the substance that we have developed some schedules of the repayment for expunging these blocked funds. Some of them, which are very critical, are being paid as we speak, and so there is now a pathway that has been put in place,” “We want to pay our foreign obligations and this is a commitment from the government and the RBZ. That is why it’s the law of the land of Zimbabwe” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “The measure (to curb huge withdrawals) is there. (It) stipulates that any high amounts require prior approval from the FIU before withdrawal,” External link

theindependent Friday, March 4, 2022 8:08:00 AM EAT

John Mangudya said : “All the balances, which were there before have been cleared, we are now working to ensure that we are current in terms of the forex auction laws,” External link

herald Monday, February 28, 2022 2:01:00 AM EAT

John Mangudya added : “We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won’t be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important,” External link

thezimbabwemail Friday, February 25, 2022 8:32:00 PM EAT

John Mangudya added ( about Strategy ) : “For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years,” External link

thezimbabwemail Friday, February 25, 2022 8:32:00 PM EAT

John Mangudya added : "We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won't be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important," External link

bulawayo24 Friday, February 25, 2022 11:57:00 AM EAT

John Mangudya added ( about Strategy ) : "For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years," External link

bulawayo24 Friday, February 25, 2022 11:57:00 AM EAT

John Mangudya added : “We are asking for patience from Zimbabweans. We are looking at a five-year period to de-dollarise. It does not mean that we won’t be having the United States dollar in this economy. But the proportion of the usage of the Zimbabwe dollar will be higher than the US dollar. The Zimbabwe dollar will be used as a store of value which is very important,” External link

theindependent Thursday, February 24, 2022 11:16:00 AM EAT

John Mangudya added ( about Strategy ) : “For that to happen this has got to be driven by the private sector. This acknowledges that business activity is going to deliver the economic growth that will usher in an upper-middle-income economy. It means we are geared to allow the markets to lead our economy. We are already one year into the 10-year National Development Strategy programme. So we are left with nine years to 2030. Currently our GDP per capita income stands at US$1 261 and an upper-middle income says GDP per capita must be US$4 000-US$12 000. So it means we have to grow from US$1 261 to US$ 4 000 in the next nine years,” External link

theindependent Thursday, February 24, 2022 11:16:00 AM EAT

John Mangudya said : "Further to the announcement in the monetary policy statement of February 7, 2022, that Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at December 31, 2021, the bank is pleased to advise the public that Nedbank has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to US$31,1 million, against the regulatory minimum of the ZW$ equivalent to US$30 million," External link

bulawayo24 Friday, February 18, 2022 8:59:00 AM EAT

John Mangudya said : “Further to the announcement in the monetary policy statement of February 7, 2022, that Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at December 31, 2021, the bank is pleased to advise the public that Nedbank has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to US$31,1 million, against the regulatory minimum of the ZW$ equivalent to US$30 million,” External link

newsday Friday, February 18, 2022 1:53:00 AM EAT

John Mangudya said : “Notwithstanding the COVID-19 pandemic, the national payments system remained safe, sound and stable during 2021,” “Digital payment systems transaction values continued on the exponential growth trajectory with a 218% increase from $2,5 trillion recorded in 2020 to $7,8 trillion in 2021. Transaction volumes, on the other hand, were on a declining trend, falling by 24% to 1,4 billion” External link

newsday Friday, February 18, 2022 1:53:00 AM EAT

John Mangudya said : “There is a trade off between inflation and high interest rates, all central banks are tightening monetary policies so that we can get out of high inflation,” External link

thezimbabwemail Thursday, February 17, 2022 5:04:00 PM EAT

John Mangudya said : “Over the past two weeks, the government’s release of funds to the market was so limited to the extent that the parallel market did not move,” “There has been a shortage of local currency on the market and that is the reason the parallel market has been stable for the past two weeks, the closed tap other than for salaries, did not see a lot of money coming onto the market” External link

newsday Thursday, February 17, 2022 9:30:00 AM EAT

John Mangudya said : "Notwithstanding the Covid-19 pandemic, the national payment systems remained safe, sound and stable during 2021. There was notable increase in the use of available digital channels by the transacting public and the bank enhanced security issues on these platforms to protect customers," "Digital payment systems transaction values continued on the exponential growth trajectory with a 218% increase from ZW$2.5 trillion recorded in 2020 to ZW$7.8 trillion in 2021. Transaction volumes, on the other hand, were on a declining trend, falling by 24% to 1.4 billion," External link

bulawayo24 Wednesday, February 16, 2022 9:32:00 PM EAT

John Mangudya said : “I think if we are being very honest, the limits are quite good,” External link

newsday Monday, February 14, 2022 2:06:00 AM EAT

John Mangudya said : “We have a dual economy where the informal economy is bigger than the formal economy. Some people put it at 60% informal while others put it at 75% or 70% but I would love to say 60%,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said ( about Glen View ) : “Who does it affect? It affects banks in the formal economy, it does not affect people who are in Mbare Musika (market) or that are in Glen View where they are making furniture, no, it does not…so how do we make these two economies talk to each other? That should be the challenge,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said : “The financing models for tobacco and cotton require a refinement of the export retention threshold to increase participation by small-scale growers and to boost tobacco and cotton production in the country,” External link

theindependent Sunday, February 13, 2022 1:43:00 AM EAT

John Mangudya said : "The refinement of the foreign exchange auction system shall be buttressed by: a) strict adherence to and enforcement of the know your customer (KYC) and customer due diligence (CDD) principles and requirements by banks when processing forex bids and intra-bank transfers on behalf of their customers. Timeous settlement of auction bid allotments within a period of two weeks and allotment of foreign currency on the basis of available foreign exchange to avoid incidents of settlement backlogs," External link

bulawayo24 Friday, February 11, 2022 9:34:00 AM EAT

John Mangudya said : "In any case, the financial system is largely constituted of local currency, with around 56% of total deposits being local currency and the balance of 44% being foreign currency deposits, which shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe," External link

news24 Wednesday, February 9, 2022 9:52:00 PM EAT

John Mangudya said : “In any case, the financial system is largely constituted of local currency with around 56% of total deposits being local currency and the balance of 44% being foreign currency deposits, which shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe,” External link

newsday Tuesday, February 8, 2022 10:50:00 PM EAT

John Mangudya said : “Legislation of a fixed exchange rate as was the case in 2009 when the US dollar was introduced as the currency of transaction, is not ideal for any economy as it renders the economy uncompetitive and a supermarket economy and gives the wrong impression that foreign currency is a domestic currency which is earned without exporting,” External link

newsday Tuesday, February 8, 2022 10:50:00 PM EAT

John Mangudya said ( about Finance Act ) : "Those challenges incapacitated the country to service all its foreign obligations, which have now been assumed by Government under Blocked Funds legislative provides carried in the Finance Act No. 7 of 2021," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "This shows that there is no sufficient foreign currency liquidity to support dollarisation in Zimbabwe," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "The bank is refining the US$50 facility to assist members of the public to access foreign currency for small domestic purchases and payments at the official exchange rate through bureaux de change, with immediate effect, to limit it to the vulnerable members of the society," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : "To achieve this, the bank has, with immediate effect, reviewed downwards the quarter-on-quarter reserve money target from 10 percent to 7,5 percent for the quarters ending March and June 2022, which target will be reviewed thereafter," External link

bulawayo24 Tuesday, February 8, 2022 10:32:00 AM EAT

John Mangudya said : “On account of the high import requirements embedded in the manufacturing, horticulture and cross-border transport sub-sectors of the economy, with immediate effect, exporters in the manufacturing, horticulture and cross-border transport sub-sectors shall be eligible to retain 100 percent of the incremental portion of their export receipts,” External link

herald Tuesday, February 8, 2022 3:29:00 AM EAT

John Mangudya said : “To achieve this, the bank has, with immediate effect, reviewed downwards the quarter-on-quarter reserve money target from 10 percent to 7,5 percent for the quarters ending March and June 2022, which target will be reviewed thereafter,” External link

herald Tuesday, February 8, 2022 3:29:00 AM EAT

John Mangudya said : "The Bank's focus to further tighten monetary policy is necessary to stem inflationary pressures and anchor inflation and exchange rate expectations within the national economy," External link

bulawayo24 Tuesday, February 8, 2022 2:00:00 AM EAT

John Mangudya told : “Most of the measures will be contained in the monetary policy to be presented before February 8, 2021, which is Tuesday next week (this week),” External link

thezimbabwemail Sunday, February 6, 2022 5:14:00 AM EAT

John Mangudya said : "The country is not re-dollarising," External link

bulawayo24 Monday, January 31, 2022 7:38:00 PM EAT

John Mangudya said : “The country is not re-dollarising,” External link

news24 Monday, January 31, 2022 12:03:00 PM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

news-yahoo Monday, January 31, 2022 10:09:00 AM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

thezimbabwemail Sunday, January 30, 2022 6:54:00 PM EAT

John Mangudya said : “The country is not re-dollarizing,” External link

news-yahoo Sunday, January 30, 2022 12:21:00 PM EAT

John Mangudya said : "Our inflation outlook, remains positive we are going to continue with the monetary policies that ensure that we reduce inflation, we want to reduce it from 60,7 percent where it was last year in December down to between 20-30 percent by end of the, so that next year it will be in the SADC benchmarks," External link

bulawayo24 Sunday, January 30, 2022 11:54:00 AM EAT

John Mangudya said : "Many people have advocated for the interbank but the weakness of the interbank in this country is that banks do not trade among themselves because of many factors," External link

bulawayo24 Friday, January 28, 2022 9:47:00 AM EAT

John Mangudya told : "We are going to take appropriate measures to ensure that foreign currency allotments are settled timeously and ensure that discipline in the economy is enforced," External link

bulawayo24 Friday, January 28, 2022 9:47:00 AM EAT

John Mangudya said : “In the monetary policy outlook, the bank is committed to continuing with foreign exchange auction system as a dependable source of foreign currency, we will refine where refinement is needed, where we need to ensure that the system is improved we will do so,” External link

herald Friday, January 28, 2022 5:30:00 AM EAT

John Mangudya said : “I will check with our team in the bank supervision unit and revert to you,” External link

theindependent Sunday, January 23, 2022 11:19:00 AM EAT

John Mangudya said : "I will check with our team in the bank supervision unit and revert to you," External link

bulawayo24 Friday, January 21, 2022 10:33:00 PM EAT

John Mangudya said : “I will check with our team in the bank supervision unit and revert to you,” External link

thezimbabwemail Friday, January 21, 2022 9:48:00 PM EAT

John Mangudya said : “People just want to hold U.S. dollars,” External link

thezimbabwemail Tuesday, January 18, 2022 8:51:00 PM EAT

John Mangudya said : “central bank will wait for official comment from Standard Chartered, as it is an internal issue, to advise of the position,” “We are still waiting for their report” External link

thezimbabwemail Friday, January 14, 2022 1:29:00 AM EAT

John Mangudya said : “The bank also commends government for the Gild Incentive scheme introduced in May 2021, which scheme has had a significant positive impact on gold deliveries to FGR,” “It is projected that the quantum of the country’s gold exports in 2021 will increase beyond the 29 629,61kg when the gold component in the platinum group metals is eventually included on the tally of gold deliveries to FGR” External link

newsday Thursday, January 13, 2022 4:17:00 PM EAT

John Mangudya said : "This created a fictitious shortage of foreign currency in the country," External link

bulawayo24 Friday, January 7, 2022 11:20:00 PM EAT

John Mangudya said : "We have a facility for the pharmaceutical industry to access foreign currency," External link

bulawayo24 Wednesday, December 29, 2021 8:39:00 AM EAT

John Mangudya said : "But the uptake has been low for that facility so in the coming weeks we will meet with them to find out why they are using such exchange rates," External link

bulawayo24 Wednesday, December 29, 2021 8:39:00 AM EAT

John Mangudya said : "It's a general tendency of all Zimbabweans and you will be surprised that some of the people in the bank queues will have to sell their own money on the black market. We have a problem of craving to hold foreign currency," External link

allafrica Sunday, December 12, 2021 7:51:00 AM EAT

John Mangudya said : “It’s a general tendency of all Zimbabweans and you will be surprised that some of the people in the bank queues will have to sell their own money on the black market. We have a problem of craving to hold foreign currency,” External link

herald Friday, December 10, 2021 2:12:00 AM EAT

John Mangudya said : “The recent monetary policy measures had reversed the upward trend on month-on-month inflation which rose from 4.2% in August to 6.4% in October 2021 and accelerated to 5.76% in November 2021. It was expected that annual inflation would end the year 2021 at between 58% and 60% and at less than 20% in 2022,” External link

thezimbabwemail Wednesday, December 8, 2021 1:57:00 PM EAT

John Mangudya said : “In view of the significant increase in total bank deposits during the past year, the Committee also resolved to monitor developments on broad money to minimise its possible destabilising effects on inflation and the exchange rate,” External link

herald Wednesday, December 8, 2021 2:08:00 AM EAT

John Mangudya says : “To be honest with you, stabilising this economy keeps me awake” “My focus is just to make sure that the economy is stabilised, especially on the pricing side. The exchange rate of this economy is something that is at the centre of my heart,” External link

theindependent Monday, December 6, 2021 11:45:00 AM EAT

John Mangudya says : “There are two places to go,” “First of all, I go for a prayer; pray for it and go and meet my principals. We always agree on the way forward. I believe in prayer, I give thanks to God for each day I work,” External link

theindependent Monday, December 6, 2021 11:45:00 AM EAT

John Mangudya said : “I said if bond notes don’t work I will resign,” External link

thestandard-zw Sunday, December 5, 2021 1:33:00 AM EAT

John Mangudya said : "Afreximbank has over the past 25 years provided and made available more than US$9 billion to this economy," External link

bulawayo24 Sunday, November 28, 2021 11:29:00 AM EAT

John Mangudya said : “Afreximbank has over the past 25 years provided and made available more than US$9 billion to this economy,” External link

thestandard-zw Sunday, November 28, 2021 1:45:00 AM EAT

John Mangudya said : “It is coming at an opportune time when we seek to strengthen ties with the bank as our all-weather friend,” External link

thezimbabwemail Friday, November 26, 2021 6:59:00 PM EAT

John Mangudya said : “That’s the price discovery by the business. It’s an auction and it means people come to the auction with their bids. This is what the market is saying” “The market has spoken and we, as the central bank, don’t do anything about that rate. The market has spoken and we are a messenger of the bids that have come to the bank through the banks. It’s a market-driven exchange rate,” External link

newsday Friday, November 19, 2021 1:23:00 AM EAT

John Mangudya added : "Whenever people have Zimbabwean dollars in their pockets, they want to dump them and look for foreign currency. This is what is happening," External link

bulawayo24 Monday, November 8, 2021 8:40:00 AM EAT

John Mangudya said : "We understand that people are afraid of the hyper-inflationary environment of 2008 because they were once bitten twice shy, and now they are always on the lookout for the US dollar," External link

bulawayo24 Monday, November 8, 2021 8:40:00 AM EAT

John Mangudya said : “Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar,” External link

thezimbabwemail Thursday, November 4, 2021 12:09:00 PM EAT

John Mangudya said : “We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate,” External link

thezimbabwemail Thursday, November 4, 2021 12:09:00 PM EAT

John Mangudya said : "Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar," External link

bulawayo24 Thursday, November 4, 2021 9:29:00 AM EAT

John Mangudya said : "We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate," External link

bulawayo24 Thursday, November 4, 2021 9:29:00 AM EAT

John Mangudya said : “Whenever people have Zimbabwean dollars in their pockets they want to offload it and look for foreign currency. That is what is happening. We understand that people are afraid of the 2008 hyperinflationary environment because once bitten twice shy, and now they are always seeking for the US dollar,” External link

herald Thursday, November 4, 2021 1:38:00 AM EAT

John Mangudya said : “We are not even against the parallel market, we are against the volatility found on the parallel exchange market because internationally, the best practice is that it should not exceed 40 percent of a premium between the official exchange rate and the parallel exchange rate, there is no country without a parallel market but it is about the variance, the premium between the official exchange rate,” External link

herald Thursday, November 4, 2021 1:38:00 AM EAT

John Mangudya said : "The MPC further tightened reserve money by reducing the quarterly growth in reserve money targets from 20% to 10% for the fourth quarter of 2021 and the first two quarters of 2022. The decision to review the reserve money growth targets was informed by the reserve money growth outturn of 9,3% for the quarter ending 30 September 2021," External link

allafrica Monday, November 1, 2021 10:01:00 PM EAT

John Mangudya said : “That figure owed to airlines should have gone down by more than US$50 million in aggregate,” External link

herald Monday, November 1, 2021 2:21:00 AM EAT

John Mangudya said : “The measure is expected to result in positive real interest rates which are critical to foster savings in the economy,” External link

thezimbabwemail Sunday, October 31, 2021 3:27:00 AM EAT

John Mangudya said : “The decision to review the reserve money growth targets was informed by the reserve money growth outturn of 9,3 percent for the quarter ending 30 September 2021,” External link

thezimbabwemail Sunday, October 31, 2021 3:27:00 AM EAT

John Mangudya said : "The issue of US$50 for individuals, the purpose of the policy was to ensure that there is foreign currency available to individuals for those small transactions that require foreign currency like fuel. The whole idea was in good faith and as of today (last weekend) you may want to know that we have disbursed US$6,4 million under that US$50 scheme so far to 128 814 people," External link

bulawayo24 Friday, October 29, 2021 11:00:00 AM EAT

John Mangudya told : “That is why we are saying that arbitrage has now become an industry in Zimbabwe,” External link

theindependent Thursday, October 28, 2021 11:32:00 AM EAT

John Mangudya said : “Required complementary support from the 2022 national budget; capacitation of law enforcement agencies to effectively deal with indiscipline in the economy; and encouraging public entities to price in local currency to strengthen demand for the local currency,” External link

dailynews-co-zw Thursday, October 28, 2021 10:15:00 AM EAT

John Mangudya said : “At $4.4 billion, that’s what we are expecting from mineral exports for this year, that’s the highest we have ever recorded in this country,” External link

thezimbabwemail Wednesday, October 27, 2021 11:06:00 PM EAT

John Mangudya said : "At $4.4-billion, that's what we are expecting from mineral exports for this year, that's the highest we have ever recorded in this country," External link

miningweekly Wednesday, October 27, 2021 6:08:00 PM EAT

John Mangudya said : “In addition, the increase in international food and oil prices as well as global inflation continue to exert additional inflationary pressures on the domestic economy,” External link

newsday Monday, October 18, 2021 1:16:00 AM EAT

John Mangudya added : "The manufacturing sector undertook to ensure responsible pricing and to comply with the three focal areas under the SI 127 of 2020 highlighted above. On their part, the Government and the Bank pledged to continue supporting the manufacturing sector by levelling the playing field to ensure that exporters obtain a fair value of their export earnings," External link

allafrica Wednesday, October 13, 2021 6:01:00 AM EAT

John Mangudya said : “The bank wishes to inform members of the public of the following corrective and punitive actions that have since been taken against some entities for abuse of the foreign exchange auction system, manipulation of the exchange rate and non-compliance with exchange control rules and regulations,” External link

theindependent Wednesday, October 13, 2021 12:18:00 AM EAT

John Mangudya said : “The external sector position is expected to remain favourable, supported by strong recovery in the global economy,” External link

theindependent Wednesday, October 13, 2021 12:18:00 AM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe, together with the Ministries of Finance and Economic Development and Industry and Commerce, met with leaders of the Zimbabwe business community on October 11, 2021, to deliberate and find solutions to the volatility of the parallel market exchange rates which adversely affects economic growth by creating business uncertainty as well as increasing domestic prices," External link

bulawayo24 Tuesday, October 12, 2021 8:31:00 AM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe, together with the Ministries of Finance and Economic Development and Industry and Commerce, met with leaders of the Zimbabwe business community on October 11, 2021, to deliberate and find solutions to the volatility of the parallel market exchange rates which adversely affects economic growth by creating business uncertainty as well as increasing domestic prices,” External link

herald Tuesday, October 12, 2021 1:58:00 AM EAT

John Mangudya said : "We are going to meet all the business community, the producers, retailers, and wholesalers so that we find a sustainable solution. " External link

bulawayo24 Monday, October 11, 2021 8:23:00 AM EAT

John Mangudya said : "The bank wishes to inform members of the public of the following corrective and punitive actions that have since been taken against some entities for abuse of the foreign exchange auction system, manipulation of the exchange rate and non-compliance with exchange control rules and regulations," External link

bulawayo24 Friday, October 8, 2021 9:38:00 PM EAT

John Mangudya said : "The external sector position is expected to remain favourable, supported by strong recovery in the global economy," External link

bulawayo24 Friday, October 8, 2021 9:38:00 PM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "The Financial Intelligence Unit (FIU) has instructed banks, mobile money operators and other financial services providers to identify and freeze any accounts operated by these individuals and, further to bar them from accessing financial services for a period of two years," External link

bulawayo24 Monday, October 4, 2021 8:36:00 AM EAT

John Mangudya said : “This measure is to support the stability of the foreign exchange market, in line with the MPC resolutions of August 27, 2021,” External link

herald Monday, October 4, 2021 1:00:00 AM EAT

John Mangudya told : "Parallel markets exist everywhere around the world, determined by the rules of demand and supply, but the Zimbabwean situation defies economic fundamentals and the attendant dynamics," External link

bulawayo24 Sunday, October 3, 2021 11:02:00 AM EAT

John Mangudya said : "In view of recent developments, annual inflation is likely to end the year between 35 percent to 53 percent, up from the revised targets of between 25 percent and 35 percent. In addition, the increase in international food and oil prices as well as global inflation continue to exert additional inflation pressures in the domestic economy," External link

bulawayo24 Sunday, October 3, 2021 10:13:00 AM EAT

John Mangudya said : “The FIU’s approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float,” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : “Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million,” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : “Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions,” “These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate” External link

theindependent Saturday, October 2, 2021 5:06:00 AM EAT

John Mangudya said : "The FIU's approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float," External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million," External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions," "These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate" External link

onlinenigeria Friday, October 1, 2021 6:15:00 PM EAT

John Mangudya said : "The FIU's approach has been to penetrate the WhatsApp groups, especially early in the morning when the dealers still had their Zimbabwe dollar float," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Accordingly, the current account is now projected to register a huge surplus position of about US$1 090,7 million in 2021 up from the initial projection of US$611,5 million," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Assuming an amount of at least US$500 million cash outside the banking sector, this translates to foreign currency holdings of above US$2 billion against equivalent of around US$300 million reserve money readily available for transactions," "These developments imply that the country is currently generating sufficient foreign currency to sustain the economy. Under normal circumstances, a strong external sector position signals a stronger nominal effective exchange rate" External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya pointed out : "Government needs to scale up treasury bill issuance, particularly to the non-bank sector, so as to deflect the potential risk to monetary stability and the disinflation programme, of underperformance in the borrowing plan," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya added : "Going forward, financing pressures may also arise from requests for an upward review of the grain producer prices in view of the exchange rate depreciation on the parallel market. The parallel market currently ranges from ZW$140-ZW$150 per US dollar, thus eroding the earlier announced producer prices, with potential to impact on grain deliveries in the future" External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : "Heightened financing pressures may end up forcing government to resort to the central bank or private banking sector financing, to the detriment of the disinflation programme or at the expense of credit to productive sectors, respectively. Government is, however, cognisant of the need to harness all financing sources, other than from the central bank," External link

bulawayo24 Friday, October 1, 2021 10:09:00 AM EAT

John Mangudya said : “Going forward and in line with the recommendations from the business community on the need to continue to enhance stability in the economy, the bank’s efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations,” External link

newsday Thursday, June 17, 2021 1:29:00 PM EAT

John Mangudya said : "SI 127 is about penalties. The law was there but there was no instrument to punish offenders. SI 127 was promulgated to provide civil penalties for offenders," External link

bulawayo24 Wednesday, June 16, 2021 10:26:00 AM EAT

John Mangudya said : “RBZ wishes to advise members of the public that over the past weeks it has engaged a number of business associations and entities to discuss the modalities for compliance with SI 127 of 2021,” External link

newsday Wednesday, June 16, 2021 5:17:00 AM EAT

John Mangudya said : “In terms of inflation, the 86% that he (Kwaramba) spoke about is quite out of our projections because as the numbers show, in May we had 162%. We expect June inflation of 105% and July to be below 55%. Why? Because of the ‘base effect’,” External link

theindependent Tuesday, June 15, 2021 9:46:00 PM EAT

John Mangudya said : “We are not aware of that as a central bank. If they have more information they can give us. We are not aware of that. It’s news to us” External link

theindependent Tuesday, June 15, 2021 9:46:00 PM EAT

John Mangudya said : "In line with the recommendations from the business community on the need to continue to enhance stability in the economy, the Bank's efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations. The Bank's focus on these key areas, coupled with business's reality check, self-discipline, self-monitoring and peer-review, sill sustain inflation and exchange rate stability that are necessary for the economy to continue to rebound," External link

bulawayo24 Tuesday, June 15, 2021 8:52:00 PM EAT

John Mangudya said : "The Reserve Bank of Zimbabwe has engaged a number of business associations and entities to discuss the modalities for compliance with Statutory Instrument 127 of 2021 (SI 127). The Bank would like to express its appreciation to the business community for the valuable feedback during the engagements which have culminated in business's clearer understanding of the essence of SI 127," External link

bulawayo24 Tuesday, June 15, 2021 8:52:00 PM EAT

John Mangudya said : “In line with the recommendations from the business community on the need to continue to enhance stability in the economy, the Bank’s efforts to foster compliance in terms of SI 127 shall be limited to outliers that wantonly abuse the foreign exchange auction system, exchange rate manipulation and non-compliance with anti-money laundering rules and regulations. The Bank’s focus on these key areas, coupled with business’s reality check, self-discipline, self-monitoring and peer-review, sill sustain inflation and exchange rate stability that are necessary for the economy to continue to rebound,” External link

thezimbabwemail Tuesday, June 15, 2021 3:21:00 PM EAT

John Mangudya said : “The Reserve Bank of Zimbabwe has engaged a number of business associations and entities to discuss the modalities for compliance with Statutory Instrument 127 of 2021 (SI 127). The Bank would like to express its appreciation to the business community for the valuable feedback during the engagements which have culminated in business’s clearer understanding of the essence of SI 127,” External link

thezimbabwemail Tuesday, June 15, 2021 3:21:00 PM EAT

John Mangudya said : "The bank has received numerous requests from mining exporters on the need to continuously improve the ease of doing business arising from complications around payment of fees and commissions to the Minerals Marketing Corporation of Zimbabwe," External link

bulawayo24 Sunday, June 13, 2021 10:03:00 AM EAT

John Mangudya said : "In terms of inflation, the 86% that he (Kwaramba) spoke about is quite out of our projections because as the numbers show, in May we had 162%. We expect June inflation of 105% and July to be below 55%. Why? Because of the ‘base effect'," External link

bulawayo24 Friday, June 11, 2021 8:51:00 AM EAT

John Mangudya said : "We are not aware of that as a central bank. If they have more information they can give us. We are not aware of that. It's news to us" External link

bulawayo24 Friday, June 11, 2021 8:51:00 AM EAT

John Mangudya said : “The economy continues to rebound due to the stability of the currency and inflation on account of the good agricultural out-turn and the positive impact of the diaspora remittances,” External link

thezimbabwemail Wednesday, June 9, 2021 5:54:00 PM EAT

John Mangudya added : "With that SI all what we are doing is bringing equity and a level playing field in the market," External link

bulawayo24 Sunday, June 6, 2021 12:22:00 PM EAT

John Mangudya said : "Previously the FIU could only close accounts for 14 days but now it's 90 days. When the accounts were reopened after 14 days, the offenders would promise to reform and start doing it all over again the next day," "We were well aware of some companies that were abusing the auction system and the reality is that those businesses that are in the wrong are crying. They would just get money from the auction, but charge their prices at parallel market rates. This means they were not making profit from their product or service, but trading currencies using illegal black market rates which are a distortion" External link

onlinenigeria Saturday, June 5, 2021 7:32:00 PM EAT

John Mangudya said : "Previously the FIU could only close accounts for 14 days but now it's 90 days. When the accounts were reopened after 14 days, the offenders would promise to reform and start doing it all over again the next day," "We were well aware of some companies that were abusing the auction system and the reality is that those businesses that are in the wrong are crying. They would just get money from the auction, but charge their prices at parallel market rates. This means they were not making profit from their product or service, but trading currencies using illegal black market rates which are a distortion" External link

bulawayo24 Saturday, June 5, 2021 11:25:00 AM EAT

John Mangudya said : "In the previous SIs we have been persuading businesses to follow the rules of the forex auction market but most businesses were not complying, but with SI 127 of 2021, the legislation was given teeth to bite those who choose not to comply with the new directive," External link

onlinenigeria Thursday, June 3, 2021 2:19:00 PM EAT

John Mangudya said : “The country made total gold shipments of US$78.4m in May 2021 from US$120.1m earned during the same period last year. This is the first time since February this year that the country’s gold export earnings have plummeted on a month on month comparison basis due to the subdued deliveries,” External link

zimeye Thursday, June 3, 2021 1:50:00 PM EAT

John Mangudya said : "The country made total gold shipments of US$78.4m in May 2021 from US$120.1m earned during the same period last year. This is the first time since February this year that the country's gold export earnings have plummeted on a month on month comparison basis due to the subdued deliveries," External link

bulawayo24 Thursday, June 3, 2021 11:07:00 AM EAT

John Mangudya said : "In the previous SIs we have been persuading businesses to follow the rules of the forex auction market but most businesses were not complying, but with SI 127 of 2021, the legislation was given teeth to bite those who choose not to comply with the new directive," External link

bulawayo24 Thursday, June 3, 2021 11:07:00 AM EAT

John Mangudya said : "Accordingly, we wish to advise on the following Exchange Control parameters for your consideration in the motor vehicle clearance process," External link

bulawayo24 Sunday, May 30, 2021 11:11:00 AM EAT

John Mangudya said : “Accordingly, we wish to advise on the following Exchange Control parameters for your consideration in the motor vehicle clearance process,” External link

thezimbabwemail Sunday, May 30, 2021 2:36:00 AM EAT

John Mangudya asked : “In this day and age, we definitely need banking details. How do we validate that? The question is, is the money going to people who are known or unknown because a list of names will always be a list?” External link

herald Friday, May 28, 2021 2:59:00 AM EAT

John Mangudya said ( about Association ) : “We are working on incentives together with the Bankers Association of Zimbabwe to encourage people to make deposits. We shall soon be making the necessary announcement. We will be paying interest on those that deposit money in banks to encourage people,” External link

herald Wednesday, May 26, 2021 1:39:00 AM EAT

John Mangudya said ( about Strategy ) : “We are in the right direction to achieve National Development Strategy 1. Dams are full. The future is looking bright for Zimbabwe. Farmers and industry are doing well. We continue to pray that we continue to work as a team. Our strategy dovetails with Government aspirations,” External link

herald Wednesday, May 26, 2021 1:39:00 AM EAT

John Mangudya said : “This ZWL$60 billion required to pay the farmers is not going to be paid at once but over four to five months period of the entire selling season,” “We sell the maize to the millers, and the millers also pay the money to the Government or GMB and, therefore, money circulates” External link

herald Tuesday, May 18, 2021 5:52:00 AM EAT

John Mangudya said : “They are over ordering their raw materials in anticipation that this thing (might not be there tomorrow) because many people think that it (auction market) is a fluke,” External link

herald Monday, May 3, 2021 3:02:00 AM EAT

John Mangudya said : “When you deal with inflation, it brings (economic) stability and it is good for savers, investors and it is good for consumers because the currency will be stable therefore, it is good for everyone,” External link

herald Monday, May 3, 2021 3:02:00 AM EAT

John Mangudya said : “What (is their business)? You find there are no records. FIU classifies transactions like that as suspicious. Such transactions can only be done by proper and big businesses,” External link

herald Friday, April 30, 2021 3:45:00 AM EAT

John Mangudya said : “Tobacco growers are free to pay for transportation services using either foreign currency or local currency, whichever is convenient to them,” External link

thestandard-zw Sunday, April 25, 2021 2:11:00 AM EAT

John Mangudya said : "I would need to check as withdrawals above the stipulated amounts need approval by the FIU to ensure that they fully comply with antimoney laundering rules and regulations. Asked what the RBZ was doing to ensure they plug huge cash withdrawals, the RBZ chief said: " External link

bulawayo24 Friday, April 23, 2021 10:21:00 AM EAT

John Mangudya said : "We advised banks to ensure that the country receives the best value for money by causing their customers to acquit their documentation of foreign payments and exports," "The rationale is to mitigate the abuse of foreign exchange resources and is in line with best practices" External link

bulawayo24 Friday, April 23, 2021 10:21:00 AM EAT

John Mangudya said : "All transactions by participating bureaux de change will be monitored through the bureau de change transaction reporting system put in place by the bank," "This arrangement is expected to improve the efficacy of the foreign exchange marketing in the country and enhance accessibility of foreign currency by small scale enterprises and individuals through formal channels" External link

bulawayo24 Thursday, April 22, 2021 8:39:00 AM EAT

John Mangudya said : “We need a financial sector strategy which brings in all the players in the sector,” External link

theindependent Thursday, April 15, 2021 3:30:00 AM EAT

John Mangudya said : “Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws,” “When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don’t take this time to do what is right, we won’t sustain the stability, what we are doing is sustaining this stability and these are the measures” External link

theindependent Thursday, April 15, 2021 3:30:00 AM EAT

John Mangudya said : "We need a financial sector strategy which brings in all the players in the sector," External link

onlinenigeria Friday, April 9, 2021 1:33:00 PM EAT

John Mangudya said : "Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws," "When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don't take this time to do what is right, we won't sustain the stability, what we are doing is sustaining this stability and these are the measures" External link

onlinenigeria Friday, April 9, 2021 1:33:00 PM EAT

John Mangudya said : "We need a financial sector strategy which brings in all the players in the sector," External link

bulawayo24 Friday, April 9, 2021 10:16:00 AM EAT

John Mangudya said : "Before that is achieved we need to ensure we have a stable economy so that it is not firefighting. We now smell stability; we now have to ensure there is coordination and harmonisation of governance and laws," "When someone puts money into pension funds those are long-term funds which should go into building roads and houses. If we don't take this time to do what is right, we won't sustain the stability, what we are doing is sustaining this stability and these are the measures" External link

bulawayo24 Friday, April 9, 2021 10:16:00 AM EAT

John Mangudya said : “The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate,” External link

theindependent Wednesday, April 7, 2021 11:00:00 AM EAT

John Mangudya said : “If there are banks, which are still behind, it means they may have challenges. Forty per cent of funds of Zimplats or an exporter, for example, are supposed to come to the Reserve Bank so that money, which is from their exports then goes on to meet the banks’ position,” External link

theindependent Wednesday, April 7, 2021 11:00:00 AM EAT

John Mangudya said : "The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate," External link

onlinenigeria Thursday, April 1, 2021 2:23:00 PM EAT

John Mangudya said : "The committee noted the major milestones made by the bank, especially the implementation of a monetary targeting framework, which has been successful in containing reserve money growth, and the introduction of the foreign exchange auction system, which has resulted in the current stability of the exchange rate," External link

bulawayo24 Thursday, April 1, 2021 9:58:00 AM EAT

John Mangudya said : “Tobacco growers are, therefore, free to pay for transportation services using either foreign currency or local currency, whichever is convenient to them,” External link

newsday Monday, March 22, 2021 1:02:00 AM EAT

John Mangudya said : “However, it has come to the attention of RBZ that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers’ bids,” “In line with the Bank’s monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid” External link

thezimbabwemail Thursday, March 18, 2021 3:35:00 PM EAT

John Mangudya said : “The success has been achieved through market price discovery of the exchange rate and provision of a dependable foreign exchange market. Since the inception of the foreign exchange auction system, there has been a significant increase in both the number of bids and the value thereof from just under 100 bids valued at US$11m at the first auction to the current levels of over 500 bids valued at around US$40m at both the main and SME auctions,” External link

thezimbabwemail Thursday, March 18, 2021 3:35:00 PM EAT

John Mangudya said : "However, it has come to the attention of RBZ that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers' bids," "In line with the Bank's monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid" External link

bulawayo24 Thursday, March 18, 2021 9:52:00 AM EAT

John Mangudya said : "The success has been achieved through market price discovery of the exchange rate and provision of a dependable foreign exchange market. Since the inception of the foreign exchange auction system, there has been a significant increase in both the number of bids and the value thereof from just under 100 bids valued at US$11m at the first auction to the current levels of over 500 bids valued at around US$40m at both the main and SME auctions," External link

bulawayo24 Thursday, March 18, 2021 9:52:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "One of foreign exchange auction rules requires banks to ensure that applicants have enough local currency in their accounts to finance their bids," "However, it has come to the attention of the bank that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers' bids. In line with the bank's monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid. Under these exceptional circumstances, bidders would be required to have in their accounts a minimum balance equivalent to 50% to cover their bids. The bank's Exchange Control Division and the Financial Intelligence Unit are continuously monitoring users of foreign exchange in the economy in order to deal with the malpractices," External link

bulawayo24 Thursday, March 18, 2021 9:00:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : “One of foreign exchange auction rules requires banks to ensure that applicants have enough local currency in their accounts to finance their bids,” “However, it has come to the attention of the bank that some banks are not paying particular attention to this requirement and have instead been extending overdraft facilities to finance their customers’ bids. In line with the bank’s monetary targeting framework designed to control the growth of money supply, funding of bids through overdrafts and advances is discouraged. Where absolutely necessary, bank lending should be limited to a maximum of 50% of a bid. Under these exceptional circumstances, bidders would be required to have in their accounts a minimum balance equivalent to 50% to cover their bids. The bank’s Exchange Control Division and the Financial Intelligence Unit are continuously monitoring users of foreign exchange in the economy in order to deal with the malpractices,” External link

newsday Thursday, March 18, 2021 1:40:00 AM EAT

John Mangudya said : "As at 31 December 2020, total international remittances amounted to US$1,7 billion, an increase of 43% from US$1,2 billion recorded during the same period in 2019," External link

bulawayo24 Friday, March 12, 2021 10:34:00 AM EAT

John Mangudya said : “When we sell the maize to the millers, they (millers) also pay the money to the Government or GMB and, therefore, money circulates. So, if you assume that money does not circulate, you come to that conclusion (RBZ will print more money to finance grain purchases),” External link

herald Thursday, March 11, 2021 5:17:00 AM EAT

John Mangudya said : "We are now saying we have gone beyond the disclosure and compliance orders, so we have requested the Government to put in place Statutory Instrument for those who don't want to behave . . . if you can't have self-discipline someone has to foster the discipline and that is through these institutions (FIU and Exchange Control)," External link

bulawayo24 Tuesday, March 9, 2021 9:39:00 AM EAT

John Mangudya said : "We are very bullish about the economy despite the Covid challenges. We are very bullish about the economy, we are very bullish about what we set ourselves to achieve and we are going back to the basics and we want to restore the essence of monetary policy in Zimbabwe through the back to basics and that is what this economy requires and we need your support mainly on market discipline," External link

bulawayo24 Tuesday, March 9, 2021 9:39:00 AM EAT

John Mangudya told : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

onlinenigeria Thursday, March 4, 2021 2:46:00 PM EAT

John Mangudya told : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

bulawayo24 Thursday, March 4, 2021 2:30:00 PM EAT

John Mangudya said : “The fintech regulatory sandbox which will be housed at the bank will be open for financial innovation with effect from 1st March 2021,” External link

theindependent Thursday, March 4, 2021 1:07:00 AM EAT

John Mangudya said : "The fintech regulatory sandbox which will be housed at the bank will be open for financial innovation with effect from 1st March 2021," External link

bulawayo24 Friday, February 26, 2021 10:06:00 AM EAT

John Mangudya said : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "We should increase production to increase exports and when we increase exports we can build strong reserves and we will have foreign currency for our usage" External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "Like what oil is to Nigeria, gold is to Zimbabwe. The precious mineral alone has the potential to turn around the country's fortunes," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "Consequently, the parallel exchange rate premium has reduced to a tolerable band of up to 20%, consistent with experiences in other countries. In addition, the establishment of an appropriate market-based exchange rate system has assisted in dampening pressures on inflation," External link

onlinenigeria Thursday, February 25, 2021 9:35:00 PM EAT

John Mangudya said : "In line with its conservative monetary targeting framework, the RBZ escalated its open market operations from October 2020 by aggressively mopping up excess liquidity through the issuance of short-term OMO savings bonds at 5% per annum interest. As at 31December 2020, the outstanding OMO savings bonds stood at ZWL$14.1bn, representing significant amounts of sterilised excess liquidity," "The OMO savings bonds complemented the existing 7% savings bonds with tenors ranging from 1 year to 5 years and a 30-day rediscount window. The outstanding amount of the 7% savings bonds stood at ZWL$5.6bn as at 31December 2020" External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Consequently, the parallel exchange rate premium has reduced to a tolerable band of up to 20%, consistent with experiences in other countries. In addition, the establishment of an appropriate market-based exchange rate system has assisted in dampening pressures on inflation," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "We don't need anyone's money as we can do it on our own. Sometimes it's just the mindset and belief to achieve that," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "We should increase production to increase exports and when we increase exports we can build strong reserves and we will have foreign currency for our usage" External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Like what oil is to Nigeria, gold is to Zimbabwe. The precious mineral alone has the potential to turn around the country's fortunes," External link

bulawayo24 Thursday, February 25, 2021 8:12:00 PM EAT

John Mangudya said : "Banks need to help us so that we nip these kind of transactions in the bud at the bank level," External link

allafrica Thursday, February 25, 2021 5:08:00 PM EAT

John Mangudya said : “International remittances received through the normal banking system on behalf of international organisations amounted to US$647,8 million in year 2020, a 26% increase from previous year of US$519,4 million,” External link

newsday Thursday, February 25, 2021 7:14:00 AM EAT

John Mangudya said : “In Zimbabwe, we have imported inflation from outside the country which we cannot control. So, when we grow more food we expect the price of maize and wheat products, as well as cooking oil to stabilise,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “It is precisely because of this point that we are calling upon all banks to ensure that they do customer due diligence and customer profiling,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “We are also putting in place a statutory instrument to ensure that the fines are increased, so that we hit the pockets of those who misbehave and that the FIU is improved. We also have no qualms in freezing the accounts of offending parties,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “As the tobacco marketing season approaches, it is important to note that the US$ retention will not change. It is essentially the same across the board; even for gold,” External link

dailynews-co-zw Wednesday, February 24, 2021 10:34:00 PM EAT

John Mangudya said : “International remittances received through the normal banking system on behalf of international organisations amounted to US$647,8 million in year 2020, a 26% increase from previous year of US$519,4 million,” External link

newsday Wednesday, February 24, 2021 8:38:00 AM EAT

John Mangudya said : “Under market discipline, we are talking about compliance, we are talking about pricing discipline; including the administrative pricing discipline,” External link

herald Wednesday, February 24, 2021 2:12:00 AM EAT

John Mangudya said : “Banks need to help us so that we nip these kind of transactions in the bud at the bank level,” External link

herald Wednesday, February 24, 2021 2:12:00 AM EAT

John Mangudya said : “Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable,” “The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank’s focus on price and financial system stability” External link

theindependent Wednesday, February 24, 2021 12:58:00 AM EAT

John Mangudya said : “Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses,” External link

theindependent Wednesday, February 24, 2021 12:58:00 AM EAT

John Mangudya said : “Total banking sector loans and advances increased 2,18 times from $37,8 billion as at June 30 2020 to $82,4 billion as at December 31 2020, largely attributed to the translation of foreign currency denominated loans,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya added : “Loans to productive sectors of the economy constituted 84,8% of total banking sector loans as at December 31 2020. The bank’s macroeconomic diagnosis suggests that consumption and investment expenditure are currently the main drivers of the country’s economic output but are being weighed down by lack of long-term lending. In fact, the analysis has shown that the country has been experiencing negative growth on real credit; a situation which dampens investment and the country’s growth potential. These developments underscore the need for measures that selectively redistribute liquidity through promoting long-term savings for long-term lending to the productive sector and also to households for consumption investments,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya said : “In turn, increased economic activity should raise incomes and savings, along with a cycle of benefits in the economy. Banking sector loan portfolio quality continued to improve as reflected by a decline in the non-performing loans (NPLs) to total loans ratio from 1% as at 30 June 2020 to 0,3% as at 31 December 2020, partly reflecting the more than proportionate growth in total loans. During the year ended December 31 2020 all banking institutions were profitable, with aggregate banking sector profits for the period of $34,2 billion, an increase from $6,4 billion reported for the corresponding period in 2019. The growth in income is largely attributable to non-interest income which constituted 79,5% of total income,” External link

newsday Tuesday, February 23, 2021 5:18:00 AM EAT

John Mangudya said : "Working closely with banks, the bank (RBZ) has managed to resolve the glitches and payment backlogs experienced last year by some banks' customers in the settlement of funds from the auction," External link

bulawayo24 Sunday, February 21, 2021 10:15:00 AM EAT

John Mangudya said : “Cash payments are an alternative to other methods of transacting and do not constitute money creation. Price dynamics are influenced by the level of money supply in an economy as opposed to its composition (electronic money, transfers, cash, etc.), hence the bank’s firm commitment to keeping the level of money supply growth under control through its conservative or hawkish monetary targeting framework,” External link

dailynews-co-zw Saturday, February 20, 2021 7:08:00 PM EAT

John Mangudya said : "The expected decline in annual inflation to single digit levels will allow banks to meaningfully remunerate depositors, while achieving positive interest rates in real terms. " External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : "Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable," "The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank's focus on price and financial system stability" External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : "Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses," External link

allafrica Saturday, February 20, 2021 3:06:00 AM EAT

John Mangudya said : “A significant proportion of the total amount allotted has been earmarked for strategic sectors for imports of essential goods, especially raw materials, equipment, pharmaceuticals, chemicals, fuel and electricity,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : “Of the total amount allotted on the auction to date, more than 70 percent has come from surrender requirements on exports and domestic foreign transactions,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : “Containment of reserve money way below the set quarterly targets is attributable to the bank’s active mopping-up program through open market operations and the strong fiscal consolidation measures that have seen Government completely refraining from resorting to the overdraft window at the Central Bank,” External link

herald Friday, February 19, 2021 5:29:00 PM EAT

John Mangudya said : "Staying on course in fostering price and financial system stability" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The measures presented in this statement are expected to support the attainment of the envisaged economic growth of 7,4 percent in 2021 and to control inflation to below 10 percent by end of December 2021," "This inflation path will be underpinned by a targeted month-on-month inflation rate of below three percent" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The expected decline in annual inflation to single digit levels will allow banks to meaningfully remunerate depositors, while achieving positive interest rates in real terms. " External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "Notwithstanding Covid-19 related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable," "The bank also projects annual inflation to close the year at below 10%. The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the bank's focus on price and financial system stability" External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "Whilst more still needs to be done in this area, the evident stability of the exchange rate, following the introduction of the foreign exchange auction system on 23 June 2020, has minimised distortions in pricing by curtailing speculative pricing and parallel market exchange rate indexation of prices by businesses," External link

bulawayo24 Friday, February 19, 2021 10:27:00 AM EAT

John Mangudya said : "The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the Bank's focus on price and financial system stability," External link

xinhuanet_en Friday, February 19, 2021 8:47:00 AM EAT

John Mangudya said : "The measured optimism is based on the expected significant growth of the agricultural output in 2021, as a result of the good rainy season, fiscal sustainability and the Bank's focus on price and financial system stability," External link

nampa Friday, February 19, 2021 7:03:00 AM EAT

John Mangudya said : “Notwithstanding COVID-19-related challenges, the bank remains optimistic that the expected economic growth of 7,4% in 2021 is achievable,” External link

newsday Friday, February 19, 2021 6:19:00 AM EAT

John Mangudya said : “The decision interest rates takes into account the current liquidity conditions in the market and the need to continue controlling speculative borrowing,” External link

herald Friday, February 19, 2021 2:08:00 AM EAT

John Mangudya said : “Staying on course in fostering price and financial system stability” External link

thezimbabwemail Thursday, February 18, 2021 7:57:00 PM EAT

John Mangudya said : “The measures presented in this Statement are expected to support the attainment of the envisaged economic growth of 7.4 percent in 2021 and to control inflation to below 10 percent by the end of December 2021,” External link

thezimbabwemail Thursday, February 18, 2021 7:57:00 PM EAT

John Mangudya said : “We believe we will still be able to achieve our inflation targets for the year, below 1 percent for the rest of the year and single digit figure by end of the year,” External link

herald Wednesday, February 10, 2021 1:45:00 AM EAT

John Mangudya said : “But we have also suffered from the effects of imported inflation due to trade restrictions caused by the Covid-19 pandemic, and as I have always highlighted we need to produce more locally,” External link

herald Wednesday, February 10, 2021 1:45:00 AM EAT

John Mangudya said : “The unbundling of FPR is designed to partially privatise the gold refining business by allowing private players to acquire a stake therein and in the process secure and endear the private sector’s interests in the production and marketing of gold in Zimbabwe,” External link

herald Tuesday, February 9, 2021 2:25:00 AM EAT

John Mangudya said : “Accordingly, the bank shall retain 40 percent shareholding in FPR and dispose of 60 percent shareholding to both the large-scale and small-scale gold producers,” External link

herald Tuesday, February 9, 2021 2:25:00 AM EAT

John Mangudya said : "What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system," "So its net effect is zero on the increase in money supply" External link

onlinenigeria Thursday, January 21, 2021 2:57:00 PM EAT

John Mangudya said : "What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system," "So its net effect is zero on the increase in money supply" External link

bulawayo24 Thursday, January 21, 2021 10:26:00 AM EAT

John Mangudya said : “What I think he meant was that we purchase forex from the market in an amount of $1 billion per week for sale to the auction system,” “So its net effect is zero on the increase in money supply” External link

newsday Thursday, January 21, 2021 8:11:00 AM EAT

John Mangudya said : “There is minimal creation of money by the reserve bank. The only money that has been done is the medium term financing facility which is for the productive sector,” External link

thezimbabwemail Saturday, January 16, 2021 12:23:00 AM EAT

John Mangudya said : “For the time being, the bank has no plans to introduce $100 and $200 bank notes as suggested in some sections of the media,” External link

dailynews-co-zw Thursday, January 14, 2021 5:13:00 PM EAT

John Mangudya said : “For the time being, the Bank has no plans of introducing Z$100 and Z$200 banknotes as suggested in some sections of the media,” External link

thezimbabwemail Wednesday, January 13, 2021 4:09:00 AM EAT

John Mangudya said : “The MPC resolved to ensure that the allotment of foreign currency on the foreign exchange auction and the interbank market continues to be guided by the priority list which places productive imports such as raw materials, consumables and capital goods ahead of foreign exchange requirements for services, education and portfolio investment,” External link

dailynews-co-zw Saturday, January 9, 2021 9:25:00 PM EAT

John Mangudya said : “The bank will continue to review and refine measures to enhance the sustainability of the foreign exchange auction system, which has been critical in anchoring the management of foreign currency and price and financial system stability in Zimbabwe,” External link

dailynews-co-zw Saturday, January 9, 2021 9:25:00 PM EAT

John Mangudya said : “We think we are going to do between 2 percent and 3,5 percent negative growth, as opposed to 4,1 percent (negative growth because we have seen that the economy is not doing badly,” External link

thezimbabwemail Friday, January 8, 2021 4:25:00 PM EAT

John Mangudya said : “Going forward we expect 2021 to be a year of greatness on the country’s economy, greatness in terms of stability, policy consistency, employment creation, saving foreign exchange and in terms of welfare of ordinary people,” External link

herald Monday, January 4, 2021 2:23:00 AM EAT

John Mangudya said ( about Strategy ) : “We need monetary, fiscal and financial stability. These three pillars will help sustain the growth of the economy by at least seven percent as envisaged by National Development Strategy 1 and build that momentum and achieve Vision 2030,” “We also need a value system of mutual respect, unity, love and peace. Our mandate and philosophy as well is that we need to ensure that we continue to tame inflation, ensure macro-economic stability and policy consistency” External link

herald Monday, January 4, 2021 2:23:00 AM EAT

John Mangudya said : "The economy is not doing badly; the reason why businesses are increasing prices is that people have money. If people did not have money, they would not increase prices, therefore, the business sector's response has been to increase prices," External link

bulawayo24 Thursday, December 31, 2020 2:15:00 PM EAT

John Mangudya said : “The economy is not doing badly; the reason why businesses are increasing prices is that people have money. If people did not have money they would not increase prices, therefore, the business sector’s response has been to increase prices,” External link

herald Thursday, December 31, 2020 2:03:00 AM EAT

John Mangudya says : “Others (businesses) use $90, $95 and $100 (exchange rates against the United States dollar), again as stated, this is non-compliance (with policies). It is nothing else besides non-compliance,” External link

newsday Tuesday, December 29, 2020 8:00:00 AM EAT

John Mangudya said ( about Financial Intelligence Unit ) : "We are really concerned with this level of non-compliance, what concerns us even more is that we cannot even quantify how much we are losing in these transactions because they operate illegally but we also are aware that it is happening. Our Financial Intelligence Unit is working round the clock to bring these individuals to book but these people are continuously upgrading their operations like the use of the EFTs to keep ahead of law enforcement agents, but eventually we will bring them all to book," External link

bulawayo24 Sunday, December 27, 2020 10:55:00 AM EAT

John Mangudya said : "In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate," External link

allafrica Friday, December 25, 2020 3:09:00 AM EAT

John Mangudya said ( about Monetary Policy ) : "In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate," External link

bulawayo24 Thursday, December 24, 2020 8:51:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate,” External link

thezimbabwemail Thursday, December 24, 2020 3:00:00 AM EAT

John Mangudya said ( about Monetary Policy ) : “In order to curb speculative borrowing, the MPC resolved to increase the Bank Policy rate from the current 15 percent to 35 percent, with effect from July 1, 2020. The (bank policy) rate will be reviewed from time to time as dictated by prevailing market fundamentals. The MPC policy measures taken are envisaged to support the smooth functioning and sustainability of the Foreign Exchange Auction System and stabilisation of the exchange rate and inflation rate,” External link

herald Thursday, December 24, 2020 2:58:00 AM EAT

John Mangudya said : "As already advised by the US Embassy in Zimbabwe in its tweet on 16 November 2020, the Bank wishes to inform and restate the position of the US government that US$ notes do not expire no matter their age, and the US government does not even consider old, worn notes to be mutilated as long as than half of the note is intact, and the value of the note is clear," External link

bulawayo24 Tuesday, December 22, 2020 10:08:00 AM EAT

John Mangudya déclaré : "Il a été porté à l'attention de la Banque de réserve du Zimbabwe que certaines personnes refusaient d'accepter les vieux billets usagés en dollars américains, alléguant qu'ils sont vieux et détériorés et donc sans valeur" External link

french.china.org.cn Monday, December 21, 2020 11:32:00 PM EAT

John Mangudya indiqué : "Au profit du public effectuant des transactions et comme l'a déjà précisé l'ambassade des Etats-Unis au Zimbabwe dans son tweet du 16 novembre 2020, la Banque souhaite informer et réaffirmer la position du gouvernement des Etats-Unis, selon laquelle les billets en dollars américains restent valides quel que soit leur âge, et que le gouvernement américain ne considère pas les vieilles coupures usagées comme détériorées tant que plus de la moitié du billet est intacte et que la valeur de celui-ci est clair" External link

french.china.org.cn Monday, December 21, 2020 11:32:00 PM EAT

John Mangudya said : “The instruments are there. We have got plenty of statutory instruments in Zimbabwe but compliance is our weakest point in Zimbabwe,” External link

zimeye Monday, December 21, 2020 3:01:00 PM EAT

John Mangudya said : "The instruments are there. We have got plenty of statutory instruments in Zimbabwe but compliance is our weakest point in Zimbabwe," External link

bulawayo24 Monday, December 21, 2020 10:43:00 AM EAT

John Mangudya said : “So, despite gold having gone down, in terms of value, other mining products especially platinum pushes the mining sector upwards,” External link

dailynews-co-zw Sunday, December 20, 2020 10:32:00 PM EAT

John Mangudya said : “You are very right about what is being observed. Others (businesses) use $90, $95 and $100 (exchange rate against the United States dollar), again as stated, this is non-compliance,” “It is nothing else besides non-compliance” External link

zimeye Sunday, December 20, 2020 4:58:00 PM EAT

John Mangudya said : "You are very right about what is being observed. Others (businesses) use $90, $95 and $100 (exchange rate against the United States dollar), again as stated, this is non-compliance," "It is nothing else besides non-compliance" External link

bulawayo24 Sunday, December 20, 2020 10:12:00 AM EAT

John Mangudya said : "Accordingly, the bank shall retain 40 % shareholding in FPR and dispose of 60% shareholding to both the large and small-scale gold producers," External link

allafrica Sunday, December 20, 2020 4:24:00 AM EAT

John Mangudya said : “Despite the negative effect of Covid-19, this economy has been resilient and we want to thank the business community for continuously working hard for this economy,” External link

thezimbabwemail Sunday, December 20, 2020 3:00:00 AM EAT

John Mangudya said : “We spent US$4 billion after having earned US$5,8 billion. It means that our nostro position increased, because you now say income minus earnings, gives you what you are holding, so these are the numbers” External link

thezimbabwemail Sunday, December 20, 2020 3:00:00 AM EAT

John Mangudya said : “Yes, the pricing of public utilities is also of concern, of great concern. We have advised government, we have advised the Minister of Finance that we need to be responsible when it comes to public utilities because the way the figures go up appears like there is no relationship with the rest of the products,” External link

zimeye Friday, December 18, 2020 2:14:00 PM EAT

John Mangudya said : "Yes, the pricing of public utilities is also of concern, of great concern. We have advised government, we have advised the Minister of Finance that we need to be responsible when it comes to public utilities because the way the figures go up appears like there is no relationship with the rest of the products," External link

bulawayo24 Friday, December 18, 2020 10:12:00 AM EAT

John Mangudya said : "The unbundling of FPR is meant to partially privatise the gold refining business by allowing private players to acquire a stake therein," External link

miningweekly Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : "The liberalisation of free funds that was done through Statutory Instrument 85 of 2020 has helped this economy significantly because Zimbabwe is currently earning around US$150 million in cash on a monthly basis; that is US$90 million from Diaspora remittances and about US$60 million that is paid to artisanal gold miners on a monthly basis," "That cash is in this economy. And the best way for that cash to come to the banks and to circulate was that we liberalise the use of free funds so that the money comes into the banks, it circulates in the economy, goes into the auction system and the economy goes forward" External link

bulawayo24 Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : "The Bank's board of directors resolved to dispose of Tuli Coal (Private) Limited to government and to unbundle Fidelity Printers and Refiners (Private) Limited (FPR) into two entities, that is (i) gold refining and (ii) printing and minting," External link

bulawayo24 Thursday, December 17, 2020 10:42:00 AM EAT

John Mangudya said : “The liberalisation of free funds that was done through Statutory Instrument 85 of 2020 has helped this economy significantly because Zimbabwe is currently earning around US$150 million in cash on a monthly basis; that is US$90 million from Diaspora remittances and about US$60 million that is paid to artisanal gold miners on a monthly basis,” “That cash is in this economy. And the best way for that cash to come to the banks and to circulate was that we liberalise the use of free funds so that the money comes into the banks, it circulates in the economy, goes into the auction system and the economy goes forward” External link

herald Thursday, December 17, 2020 2:57:00 AM EAT

John Mangudya told : “You are doing a fantastic job in mining, you give us hope,” External link

herald Friday, December 11, 2020 2:01:00 AM EAT

John Mangudya told : "Financial integrity means that banks settle transactions outside the public glare. Don't contaminate banking with politics," External link

bulawayo24 Thursday, December 3, 2020 10:26:00 AM EAT

John Mangudya said : “So, these are things we do every day. You need to know who your customer is for the sake of your business’s integrity,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya added : “A chief executive officer’s job is to ask about compliance first and foremost,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya told : “Such things are critical, and that is one area where we have a deficiency. So, we need to ensure that when we talk about grey lists we can improve by doing what I am saying,” External link

dailynews-co-zw Wednesday, December 2, 2020 4:32:00 PM EAT

John Mangudya said : "As the Central bank we are happy with the level of macroeconomic stability being experienced in the economy and we will always regard it as the core value of our existence hence we will put more effort in this regard" External link

bulawayo24 Monday, November 30, 2020 10:25:00 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



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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Sunday, August 14, 2022

10:45:00 PM EAT


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Tendai Biti said ( about John Mangudya ) : "The elephant in the room is the RBZ and under John Panonetsa Mangudya, it has become rogue institution. In my respectful opinion the country does not actually need a reserve bank. Let us have a currency board," "All the RBZ does is dabble in quasi-fiscal activities which cost you and I. last years we have had two debt assumptions. The country's domestic debt has grown from US$1,5 billion in 2015 to US$3,5 billion in December of 2021. That is not good enough, that is a rogue central bank," External link

bulawayo24 Wednesday, March 30, 2022 10:05:00 AM EAT

Tendai Biti charged ( about John Mangudya ) : "So, it is not a question of the supply of US dollars, it is a question of how that money is being used. They are wasting their time in supporting an expensive non factional auction system that is taking US$40 million a week on the auction systems. No government can afford that. Abolish the auction system, redollarise, stop taking people's money through exports surrender requirements and most importantly stop corruption," "They are stealing money out to Mauritius; they are buying houses for their wives and jets for their children and that is the problem. That statement alone John said there is now US$9 billion sitting in accounts and when the money sits in an account it belongs to the bank and it can do whatever it wants, so there is lots of money in Zimbabwe. When I left, I left US$6,5 billion, and they actually now have more than what was there during the time of the GNU when the US dollar was working" External link

bulawayo24 Tuesday, February 8, 2022 10:38:00 PM EAT

Tony Hawkins said ( about John Mangudya ) : “In 2018/19, he (Mangudya) promised to preserve value (of the Zimdollar), but since then prices have gone up 3 000% and the currency’s value has devalued by 99%,” “He talks about people using the local currency, but if you go to my bank, the hole in the wall (ATM machine) tells you can draw $2 000 which is now worth US$0,88,” External link

newsday Wednesday, February 2, 2022 1:21:00 AM EAT

Tony Hawkins said ( about John Mangudya ) : “In 2018/2019 he (Mangudya) promised to preserve value (of the Zimbabwe dollar) but since then prices have gone up 3 000% and the currency’s value has devalued by 99%,” External link

thezimbabwemail Saturday, January 29, 2022 4:13:00 AM EAT

Emmerson Mnangagwa said ( about John Mangudya ) : “I have been told by companies that there is delay in the disbursement of allocated funds. I promise to have further discussions with the governor of the Reserve Bank of Zimbabwe (Dr John Mangudya) to see what constraints they are facing,” External link

theindependent Monday, May 31, 2021 10:49:00 AM 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