{"id":93239,"date":"2024-04-16T10:58:16","date_gmt":"2024-04-16T08:58:16","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust"},"modified":"2024-04-16T14:08:57","modified_gmt":"2024-04-16T12:08:57","slug":"new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","title":{"rendered":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust."},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to restore lost public trust. These internal changes, he writes, will include restructuring the bank and rebranding. Here, we publish an extract from his message.<\/p>\n

We are aware that the market has lost confidence and trust in the credibility and impact of the Central Bank\u2019s policies over the years, and this calls for a focused re-orientation and change in the way we do things in pursuit of our statutory mandate.<\/p>\n

To rebuild our credibility and relevance, we must acknowledge that this is not \u201cbusiness as usual\u201d and undertake personal transformation as well as develop a new \u201cRBZ brand\u201d to win back public confidence in the Central Bank. It is expected of all of us to adjust to accept this \u201cParadigm Shift\u201d of a new work culture that will ingrain in us a responsibility to provide operational effectiveness and excellence.<\/p>\n

I will make sure this is accomplished by going \u201cBack-to-Basics\u201d and supporting all RBZ staff who embark on this culture of adaptability and creativity in the way we execute our statutory tasks. To achieve this, it is imperative to acknowledge that \u201cOur Strategy will be in our Structure\u201d.<\/p>\n

Our Change Agenda will push for the comprehensive re-organisation and re-orientation of the Bank\u2019s tasks, people, structures, systems, culture, decision-making, and policy-making processes in order to successfully carry out our core commitments and obligations. The appropriate \u201cre-organisation of the Reserve Bank\u201d will, therefore, be carried out in two phases: Phase 1 has already started focusing on corporate diagnostics, and Phase 2 will follow soon after we complete the comprehensive and in-depth corporate diagnostics of the RBZ.<\/p>\n

In Phase 1, the New RBZ core strategic pillars framework that informs the design and rebranding of the Bank, guided by the fundamental remit of maintaining price stability, and restoring market confidence and trust will be communicated to Management and Staff in due course. As Governor, I want to reassure all employees and re-affirm that Phase 2 is a normal process of learning the Bank\u2019s operational framework and should not be deemed to result in job losses or retrenchments.<\/p>\n

I will be requesting that each Division prepare a comprehensive information memorandum to help in the diagnostic process for Phase 2. This will allow me as your Governor to gain a solid understanding of the institution\u2019s people, systems, procedures, and culture.<\/p>\n

As a result, the Reserve Bank programs will be better packaged, resourced and structured to fulfil its statutory purpose in the next five years (2024\u20132029). The primary objectives of the \u201cBack-to-Basics\u201d Agenda will be to regain lost market trust and prevent undue harm to the Central Bank\u2019s institutional credibility in policymaking.<\/p>\n

In Conclusion<\/b><\/p>\n

The Reserve Bank must present itself with dignified confidence in order to fulfil its obligations to the Zimbabwean people\u2019s aspirations for improved social and economic well-being. We will start with our internal culture. Over the next five years, our strategic intent of restoring credibility, confidence, and trust will be achieved by \u201cWalking the talk\u201d \u2013 doing what we say we will do; doing the right things in the right manner the first time around; and ensuring that what we say will happen, so happens.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to restore lost public trust. These internal changes, he writes, will include restructuring the bank and rebranding. Here, we publish an extract from his message. We are aware that the market has lost […]<\/p>\n","protected":false},"author":84,"featured_media":93238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":{"0":"post-93239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"\nNew Zim Central Bank Governor writes to staff, urging them to recover lost public trust. - zimbabwe<\/title>\n<meta name=\"description\" content=\"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...\" \/>\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\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust.\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T08:58:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-16T12:08:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1700\" \/>\n\t<meta property=\"og:image:height\" content=\"1057\" \/>\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=\"3 minutes\" \/>\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\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust\",\"name\":\"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust. - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg\",\"datePublished\":\"2024-04-16T08:58:16+00:00\",\"dateModified\":\"2024-04-16T12:08:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg\",\"width\":1700,\"height\":1057,\"caption\":\"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust. - zimbabwe","description":"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","og_locale":"en_US","og_type":"article","og_title":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust.","og_description":"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","og_site_name":"zimbabwe","article_published_time":"2024-04-16T08:58:16+00:00","article_modified_time":"2024-04-16T12:08:57+00:00","og_image":[{"width":1700,"height":1057,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust","name":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust. - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg","datePublished":"2024-04-16T08:58:16+00:00","dateModified":"2024-04-16T12:08:57+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"Reserve Bank of Zimbabwe governor John Mushayavanhu has written to RBZ staff, saying he needs to reform the bank to rest ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/04\/sm_1713252909.242857.jpg","width":1700,"height":1057,"caption":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust."},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/new-zim-central-bank-governor-writes-to-staff-urging-them-to-recover-lost-public-trust#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"New Zim Central Bank Governor writes to staff, urging them to recover lost public trust."}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/93239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=93239"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/93239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/93238"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=93239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=93239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=93239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}