Mangudya dismisses TB criticism…chides bankers on interest rates

Mangudya dismisses TB criticism…chides bankers on interest rates

By Ndafadza Madanha RESERVE bank of Zimbabwe (RBZ) governor John Mangudya says concern over the issuance of treasury bills (TBs) is unnecessary as the practice is common practice world over. His remarks come at a time when some market watchers have intimated that the issuance of TBs was crowding out the private sector and could have a negative impact on the economy. However, Mangudya said the criticism was largely “textbook economics” as the majority of TBs was intended to bolster the country’s production capacity. “Issuance of TBs is a common…

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