{"id":52934,"date":"2022-01-13T21:00:45","date_gmt":"2022-01-13T19:00:45","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=52934"},"modified":"2022-01-13T20:08:55","modified_gmt":"2022-01-13T18:08:55","slug":"mangudya-ranked-among-the-worst-central-bank-governors-in-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/mangudya-ranked-among-the-worst-central-bank-governors-in-africa","title":{"rendered":"Mangudya Ranked Among The Worst Central Bank Governors In Africa"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, has been ranked among the worst central bank governors, according to rankings by Global Finance magazine.<\/p>\n<p>The magazine annually grades the world\u2019s leading central bankers based on a series of metrics, including the appropriate implementation of monetary policy.<\/p>\n<p>Since his appointment as the RZB chief, in March 2014 by the then president, Robert Mugabe, Mangudya has failed to tackle Zimbabwe\u2019s financial chaos characterising the country\u2019s monetary sector.<\/p>\n<p>Zimbabwe has faced a runaway exchange rate and cash shortages, and this has eroded public confidence in the banking sector.<\/p>\n<p>The highlight of Mangudya\u2019s tenure, so far, is the introduction of bond notes which he claimed were at par with the US dollars.<\/p>\n<p>Speaking to Fin24, a Zimbabwean CEO with a large manufacturing company expressed concern over the monetary mismatches obtaining in the economy. He said:<\/p>\n<p>There is no confidence in the banking sector, inflation remains problematic and the exchange rate is far divorced from the parallel market despite advice from IMF for convergence.<\/p>\n<p>He cannot be among the best governors with the state of the economy and monetary sector.<\/p>\n<p>Global Finance gave Mangudya a score of \u201cC\u201d for 2021, signifying one of the worst scores for the African continent and only below Namibia, Mauritania and Madagascar which have scores of \u201cD\u201d.<\/p>\n<p>This was, however, an improvement from 2020 when the magazine gave Mangudya a \u201cD\u201d grading.<\/p>\n<p>With inputs from analysts, economists and financial editors, Global Finance each year grades the world\u2019s leading central bankers on a scale of A to F.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, has been ranked among the worst central bank governors, according to rankings by Global Finance magazine. The magazine annually grades the world\u2019s leading central bankers based on a series of metrics, including the appropriate implementation of monetary policy. Since his appointment as the RZB [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":52933,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,8091,2062,653,19],"class_list":{"0":"post-52934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-global-finance","14":"tag-john-mangudya","15":"tag-rbz","16":"tag-zimbabwe"},"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 Ranked Among The Worst Central Bank Governors In Africa - zimbabwe<\/title>\n<meta name=\"description\" content=\"Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, has been ranked among the worst central bank governors, accordin ...\" \/>\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-ranked-among-the-worst-central-bank-governors-in-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mangudya Ranked Among The Worst Central Bank Governors In Africa\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, has been ranked among the worst central bank governors, accordin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mangudya-ranked-among-the-worst-central-bank-governors-in-africa\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T19:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-13T18:08:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/01\/img-61e06a9cb80ec.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"508\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mangudya-ranked-among-the-worst-central-bank-governors-in-africa\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mangudya-ranked-among-the-worst-central-bank-governors-in-africa\",\"name\":\"Mangudya Ranked Among The Worst Central Bank Governors In Africa - 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