By Staff Reporter
Harare-The signing of an Integrity Pledge by the Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu is the right tonic to boost confidence in the Apex Banks reliability in handling the country’s monetary affairs, the Zimbabwe Anti- Corruption Commission, Mr Michael Reza has said.
The ZACC Chairperson was speaking as he witnessed the signing of integrity pledges by Dr. John Mushayavanhu, his deputies, and senior officials.
“Public confidence in the currency is directly tied to the perception of the institution that manages it. When the public sees that the Governor and the RBZ operate with unwavering honesty and integrity, they develop trust in the bank and ultimately the currency,” said Mr Reza
The comments by the ZACC Chairperson is coming at a time the country has just introduced a new currency, the gold and other precious minerals backed ZiG that is clamouring for public acceptance and confidence and the move by the RBZ officials might be part of the cocktail of measures that will shore up the ZiG.
There is little doubt that signing of the integrity pledge is a testament to the RBZ’s recognition of the critical role it plays in maintaining price and financial stability, and its responsibility to uphold the value of the local currency. Mr. Reza emphasized that integrity is not just a desirable trait, but a fundamental necessity for those in positions of power and trust.
By committing to integrity, the RBZ officials are rejecting any form of dubious conduct in the implementation of monetary policies. This public commitment is expected to inspire confidence in the institution and the currency it manages. As Mr. Reza aptly put it, “Integrity is the only currency that does not depreciate in value.”