Zimbabwe’s New Central Banker Vows to Regain Investor Confidence
- New Governor Mushayavanhu says central bank lacks credibility
- Planned reforms include new currency introduced a week ago
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Zimbabwe’s new central bank governor vowed to restore confidence in the institution that’s repeatedly failed to stabilize prices and the nation’s currency.
The Reserve Bank of Zimbabwe is rolling out a ‘Back to Basics’ plan that will initially focus on consolidating the introduction of the nation’s new national currency — the ZiG, John Mushayavanhu said in a circular to staff. It will also seek a “paradigm shift” in culture at the bank to rebuild its credibility and relevance, he said.