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*"It's Inaccurate To Say The Zimbabwe Dollar Failed To Maintain Its Value." - Mangudya* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ja Reserve Bank Governor, Dr John Mangudya (JM) has said that it is inaccurate that the Zimbabwe dollar failed to maintain its value since June when it was reintroduced. He made the remarks during an interview with News Day Business reporter Tatira Zwinoira (ND) during which he said that the government was putting in place mechanisms to sustain the local currency. ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The remarks come when the Zimbabwe dollar has been rapidly losing value against other currencies, particularly the United States dollar. We present below excerpts from the interview. > ND: In trying to examine what went wrong with the Zimbabwean dollar as it has failed to maintain its value, what are your thoughts pertaining to the issue from the authorities’ side, as Reserve Bank? > JM: I am not sure how the Zimbabwe dollar failed to maintain its value. That question presupposes that the authorities had made a statement on where the Zimbabwe dollar should settle. Where are you coming from yourself? > When you say it’s not getting its value, it sounds as if someone had told you that the Zimbabwe dollar was supposed to settle at a certain level which is not true. More: News Day _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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