RBZ Speaks On LEAKED Document Which Speaks Of Using US Dollar And De-Dollarising Over 5-Year Period

RBZ Speaks On Devaluing Zimbabwe Dollar

RBZ Speaks On LEAKED Internal Document

RBZ Speaks On LEAKED Internal Document

 

The Reserve Bank of Zimbabwe (RBZ) has finally spoken out over an internal document which was leaked to the media. The document in question outlined plans on how the country would continue to use the United States Dollar (USD) for some local transactions and how the currency would eventually be phased out over a five year period.

The Reserve Bank did not disown the document but insisted that is only a draft document which is still being considered and which may not even be adopted at all.  It also means that the monetary authorities may choose to adopt some of the measures outlined in the document and disregard other measures.

According to central bank governor, John Panonetsa Mangudya, the culprit who leaked the document is a senior economist at the Reserve Bank of Zimbabwe who has been identified as Philton Makena.  Makena has since been suspended from his job for ethical and confidentiality violations and is now facing disciplinary proceedings.

Below is the full statement released by the Reserve Bank on the leaked document.

The Reserve Bank of Zimbabwe wishes to advise the public that the document titled “De-dollarisation Road Map” which has been circulating on social media was leaked by a senior Bank economist, Philton Makena, who had access to a document on the macro-economic policy measures to support the five-year de-dollarisation strategy which was being worked on by a team of economists in the Bank. The draft document should, therefore, be disregarded.

The draft document was being worked on by the team of economists on a computer allocated to a chief economist in the bank, Paul Gilmour Mukoki. The bank has since established that Mr Mukoki was not responsible for the leakage of the document.

Mr Makena’s conduct amounted to breach of the oath of secrecy by which all Bank employees are bound. Accordingly, the Bank has suspended him, with immediate effect and has commenced disciplinary proceedings against him.

The Bank sincerely regrets the anxiety and inconvenience the leaked document may have caused

John P Mangudya

Reserve Bank Governor

 

 

RBZ Speaks On LEAKED Internal Document
RBZ Speaks On LEAKED Internal Document

In case you are interested, you can download the leaked document in PDF Format on the link below

DE-DOLLARISATION ROADMAP DOCUMENT

 


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