RBZ governor repays Meikles’ part-debt

THE new Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has repaid part of a debt that his two predecessors failed to repay over the past 16 years.

Meikles was owed $90,8 million at present value, including interest by RBZ since 1998.

Mangudya, who is expected to present his first monetary policy statement soon, appeared to have succeeded in resolving the huge conglomerate’s initial payment of $49 million and awaits receipt of the balance.

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