John Mushayavanhu
Zimbabwean bank governor
5 stories
6 quotes
If we wanted to buy back all the local currency in circulation using our reserves, we could do so at an exchange rate of around 15 to the dollar,
- said John MushayavanhuNew Zimbabwenewzimbabwe.com/zimbabwes/curr…
By June 2026, mobile operators must, with the assistance of the Registrar General, verify all accounts and remove any that cannot be validated with a legitimate ID (identity document),
- Mushayavanhu statedNew Zimbabwenewzimbabwe.com/mobile/network…
The Reserve Bank encourages bank encourages banks to deepen financial intermediation, expand their depositor base and put in place incentives or structures that further minimize bank charges to depositors, such as fee waivers for depositors who maintain a specific minimum, consistent with international best practices,
- added MushayavanhuNew Zimbabwenewzimbabwe.com/banks/agree…
We need to make sure inflation is anchored first, therefore the policy rate will remain at 35%,
- the bank's governor John Mushayavanhu told a press conference on the outlook for monetary policy in 2026Reutersreuters.com/world/africa…
The banking sector has come under heavy scrutiny and criticism for high bank charges and fees,
- John Mushayavanhu said in a letter dated January 29 to the lenders, which was seen by Bloomberg and authenticated by the central bankNew Zimbabwenewzimbabwe.com/zimbabwes/cent…
This will be achieved via sustained export surrender enforcement, strategic mineral purchases and our robust external sector.... A growing reserve chest will further entrench ZiG stability and external shock resilience,
- added MushayavanhuNew Zimbabwenewzimbabwe.com/zimbabwe/to…
Earlier
Zimbabwe’s Currency Is Undervalued by Nearly Half, Governor Says
Bloomberg Newsbloomberg.com/news/articles…Despite efforts at stabilization and reduced inflation, over 90% of transactions in Zimbabwe are still conducted in US dollars
New Zimbabwenewzimbabwe.com/zimbabwes/curr…Reserve Bank of Zimbabwe abandons 2030 mono currency deadline — NewZimbabwe.com
New Zimbabwenewzimbabwe.com/reserve/bank…Zimbabwe central bank maintains policy rate to anchor inflation
Reutersreuters.com/world/africa…Zimbabwe’s Central Bank Chief Urges Lenders to Reduce Charges
Bloomberg Newsbloomberg.com/news/articles…Gold Rally, Reserves See Zimbabwe’s Currency Claw Back Losses
Bloomberg Newsbloomberg.com/news/articles…Zimbabwe has tried for almost two decades to re-establish a viable national currency after a series of failed attempts triggered hyperinflation and wiped out savings, forcing the economy to dollarize in 2009
News24news24.com/business/markets…