{"id":3757,"date":"2019-02-14T15:11:25","date_gmt":"2019-02-14T15:11:25","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=3757"},"modified":"2019-02-14T15:11:35","modified_gmt":"2019-02-14T15:11:35","slug":"mangudya-mthuli-ncube-clash-over-currency-reform-mnangawa-forced-to-intervene","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/mangudya-mthuli-ncube-clash-over-currency-reform-mnangawa-forced-to-intervene","title":{"rendered":"Mangudya-Mthuli Ncube Clash Over Currency Reform; Mnangawa Forced To Intervene"},"content":{"rendered":"<p>A Business Times report claims that President Emmerson Mnangagwa was on Wednesday night forced to intervene in the conflict between the Reserve Bank Governor John Mnagudya and Minister of Finance Mthuli Ncube over the currency issue.<\/p>\n<p>Mnangagwa had to intervene in finalising the much awaited-Monetary Policy Statement (MPS).<br \/>\nThe MPS was supposed to have been delivered either in the last week of January or first week of February.<\/p>\n<p>The disagreements between Mangudya and Ncube is around issues to do with local currency re-introduction and liberalising the exchange rate.<\/p>\n<p>Mangudya favours the re-introduction of a local currency while Ncube would prefer a new currency between 12-18 months.<\/p>\n<p>Ncube insists that in the short term, the country should float the local bond note, a position that is supported by the Bretton Woods Institutions. However, such a decision would have political and economic repercussions.<\/p>\n<p><strong><em>Mthuli Ncube<\/em><\/strong><br \/>\n<em>Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and&#8230; Read More About Mthuli Ncube<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Business Times report claims that President Emmerson Mnangagwa was on Wednesday night forced to intervene in the conflict between the Reserve Bank Governor John Mnagudya and Minister of Finance Mthuli Ncube over the currency issue. Mnangagwa had to intervene in finalising the much awaited-Monetary Policy Statement (MPS). The MPS was supposed to have been [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1289,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[249,31,150],"class_list":{"0":"post-3757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"tag-currency","9":"tag-mnangagwa","10":"tag-ncube"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mangudya-Mthuli Ncube Clash Over Currency Reform; Mnangawa Forced To Intervene - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mangudya-mthuli-ncube-clash-over-currency-reform-mnangawa-forced-to-intervene\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mangudya-Mthuli Ncube Clash Over Currency Reform; Mnangawa Forced To Intervene\" \/>\n<meta property=\"og:description\" content=\"A Business Times report claims that President Emmerson Mnangagwa was on Wednesday night forced to intervene in the conflict between the Reserve Bank Governor John Mnagudya and Minister of Finance Mthuli Ncube over the currency issue. Mnangagwa had to intervene in finalising the much awaited-Monetary Policy Statement (MPS). 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