Former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono has denied allegations of gold reserve theft during his tenure.
Former Reserve Bank of Zimbabwe Governor Gideon Gono has denied allegations of gold reserve theft during his tenure.
Gono, who served as RBZ Governor from December 2003 to November 2013, stated,"No 'gold reserves' were ever stolen by anyone during my tenure." Furthermore, Gono highlighted the intricate nature of the proposed gold-backed transaction, emphasizing that it was a structured agreement to bolster the country's forex reserves.There was a problem processing your submission. Please try again later.
"We dispatched a deposit of $5 million worth of gold, as per the agreement. When the transaction failed, RBZ retrieved its deposit without incurring any losses," Gono clarified.
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