President Mnangagwa has extended by another five years Reserve
Bank of Zimbabwe Governor Dr John Mangudya’s stay at the helm of the central
bank.
Chief Secretary to the President and Cabinet Dr Misheck
Sibanda announced the extension through a press statement released Friday.
The extension of Dr Mangudya’s term was made in terms of
Section 14 of the RBZ Act (Chapter 22:15) which stipulates among other
conditions that “the Governor and Deputy Governors shall be appointed for their
competence and experience in matters relating to banking, finance and
economics.”
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