Skip to content

Zimbabwe Won’t Ease Currency Reins, Blames Business for Drop

  • Convergence must use a realistic exchange rate, governor says
  • Wide currency gap ‘plays havoc’ for companies warns brokerage
John Mangudya
John MangudyaPhotographer: Christopher Goodney/Bloomberg
Updated on

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Reserve Bank of Zimbabwe Governor John Mangudya is reluctant to act to narrow a widening gap between the national currency’s official and black market rates, saying that businesses are to blame for the disparity.