The governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS).
The market is eagerly waiting to see what the governor has in store for an expectant nation.
Mangudya is presenting the MPS at a time when economic fundamentals are weak.
For the longest time, the bond note – introduced in 2016, along with the Real Time Gross Settlement (RTGS) virtual currency – have significantly lost ground to the American dollar on the unofficial market.
The nation will, therefore, be waiting with bated breath to see if Mangudya will maintain the exchange rate at the same level or grab the bull by its horns by allowing market forces to price units within his basket of currencies.
Source: Mbaretimescom
