Zimbabwe’s government replaces central bank MPC

Reserve Bank of Zimbabwe
Buildings in Harare’s financial district, including the Reserve Bank of Zimbabwe
Photo: Baynham Goredema

Zimbabwe’s finance minister has dismissed the central bank’s existing monetary policy committee and appointed five new members, state-owned media announced.

On February 19, the Reserve Bank of Zimbabwe said on Twitter that the MPC had been dissolved “with effect from 31 January”. One day later, the state-owned Zimbabwe Broadcasting Corporation announced that finance minister Mthuli Ncube had appointed five new members.

The RBZ said the reason for dissolving the committee was that “most of its

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