Story by Stanley James, Business Editor
THE country’s domestic currency roadmap has received a major boost after the Reserve Bank of Zimbabwe (RBZ) pledged accountability and transparency in its operations.
RBZ Governor Dr John Mushayavanhu, deputy governors and senior officials from the central bank signed an integrity pledge in Harare this Tuesday, reflecting commitment to serve the apex bank for the benefit of the economy.
The pledge, administered by the Zimbabwe Anti- Corruption Commission (ZACC) Chairperson Mr Michael Reza, saw central bank officials assuring the nation of transparent and accountable policies.
For Dr Mushayavanhu, commitment to price, exchange rate and inflation stability are the key pillars of the pledge, “This is a clear testimony of what we are doing to ensure transparency, remember we have a key role to play and this ceremony further cements our commitment to a transparent and accountable central bank.”
ZACC authorities noted that integrity will be the key element in ensuring the central bank preserves the value of the newly-introduced structured currency, the Zimbabwe Gold.
“The Reserve Bank of Zimbabwe holds an enormous responsibility and influence within the National Development Strategy One, therefore this onerous task demands duty bearers of integrity who can resist the temptation to engage in underhand dealings to enrich themselves,” said Zimbabwe Anti-Corruption Commission Chairperson, Mr Micheal Reza.
As part of facilitating transparency and accountability of the ZiG, the central bank has revealed that independent external auditors will audit precious minerals and foreign currency reserves backing the structured currency once a year.
