A new Reserve Bank of Zimbabwe (RBZ) Board was appointed in May 2010. It was tasked with the downsizing the RBZ’s huge staff complement; restoring the RBZ’s position as the lender of last resort; and putting in place committees for monetary policy and audit. About 1,455 staff of the RBZ (75% of total staff) were retrenched in January 2011 in the largest such exercise since independence. In addition, the RBZ is disposing of its non-core assets in sectors such as mining, consistent with the RBZ Ac