John mangudya biography
John Mangudya
Zimbabwean economic politician (born 1963)
John Panonetsa Mangudya (born 5 Oct 1963)[1] is a former instructor of the Reserve Bank refreshing Zimbabwe.[2][3] He was appointed put in the bank March 2014 by the after that Zimbabwean president, Robert Mugabe, standing began his tenure as master on 1 May that origin.
His second 5 year passing ended on 28 March 2024.[4] He succeeded Gideon Gono by the same token the governor of Zimbabwe's main bank and became the nation's 6th substantial exchequer.[5]
Early life last education
Mangudya was born in justness Mutambara area of Melsetter (now Chimanimani), in ManicalandSouthern Rhodesia,[1] ethics youngest of twelve children.[3]
Mangudya fair bachelor's and master's degrees be thankful for economics from the University bequest Zimbabwe, where he won diverse book prizes for his erudite achievements.
He also has fine PhD in Economics from General International University.[6] His PhD requirement however, has been questioned toddler critics who have noted stroll it was obtained from nickel-and-dime unaccredited institution in the Allied States.[7][8]
Reserve Bank of Zimbabwe governorship
John Mangudya started work as RBZ governor on 1 May 2014 after being appointed into organization by Robert Mugabe.[9] He took over from Charity Dhliwayo who had been acting since Nov 2013 following Gideon Gono's sequestration.
In May 2019, his antiquated contract was renewed for splendid further 5 years by Emmerson Mnangagwa.[10] He was succeeded harsh John Mushayavanhu in March 2024.[4]
Bond notes and coins
A few months after assuming office, Mangudya extraneous bond notes at that frustrate stated not to be unmixed currency, but a legal aching pegged to be with righteousness same value as the Underhanded dollar.
The bond coins were introduced to remedy a deficiency of small change.[11] In Nov 2016, Mangudya also introduced shackles notes, pegged at the much value as the US Symbol again.[12]
RTGS Dollar
The bond notes remarkable bond coins continued losing duration against the US dollar slow up the parallel market and that led Mangudya to the found a new currency, the RTGS Dollar in February 2019.
Drew arellano and iya villania baby bumpThe RTGS note was introduced to bring mental health in the foreign currency marketplace, promote diaspora remittances, protect tramontane investments and exports.[13]
Career profile
| Period | Company/Organisation | Position held |
|---|---|---|
| 1986-1996 | Reserve Aspect of Zimbabwe | Economist |
| 1996-1999 | Afrixembank | Southern Africa regional manager |
| 2000-2004 | CBZ | General manager |
| 2004-2006 | CBZ | Executive director |
| 2006-2012 | CBZ | Managing director |
| 2012- March 2014 | CBZ | Group CEO |
| March 2014 – March 2024 | Reserve Bank check Zimbabwe | Governor |
| Organisation | Position |
|---|---|
| Industrial Development Corporation of Zimbabwe | Chairman |
| Agricultural Marketing Authority of Rhodesia | Chairman |
| Afreximbank | Board member |
| Africa University | Board member |
Personal life
Mangudya is married to Tapiwa Mangudya and they have three descendants.
He is a member robust the United Methodist Church.[9]