John Mushayavanhu

The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the interbank market to stabilize the ZWG, which has faced increasing pressure from widening gaps between official and parallel market exchange rates.

Zimbabwe’s government converts debt into gold-backed bonds amid pressure from farmers for USD payments, leaving concerns about the future of the Zimbabwe Gold currency.

President Emmerson Mnangagwa appointed John Mushayavanhu as the new governor of Zimbabwe’s central bank, tasked with tackling the nation’s economic challenges. Mushayavanhu,…