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RBZ Postpones The 1st 2022 Foreign Currency Exchange Auction

RBZ Postpones The 1st 2022 Foreign Currency Exchange Auction

The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Panonetsa Mangudya has postponed the first 2022 Foreign Exchange Auction that was scheduled for Tuesday the 11th of January.

Mangudya said the auction will now be conducted on the 18th of this month.            

In a statement, the central bank said the move is in line with the need to facilitate proper documentation systems delayed due to the COVID-19 pandemic.   

RBZ’s last auction was on 14 December last year. The central bank then closed the Auction System in line with the resolutions of the Monetary Policy Committee (MPC) meeting of 3 Dec 2021 and in view of the festive season that was approaching.

More: ZBC News

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3 Comments

Sponono 5 months ago

Mazita evanhu varikumhanya Zim sooo 🙌.
Dambudzo
Panonetsa

Shuwa ingapone here pakadayi😂😂


Tkt 5 months ago

1-2-3 testing the waters

dollarisation looming, when Auction returns, the rate will be somewhere around 150-180 then partial dollarisation which have just started by the 75US Withdrawable Nostro for Civil Servants folloewd by a 50% Increment and another 50% of total salary value in USD at the Bank rate,

kkkk

yaaa mapinda maCivil Servants


Makelanwi 5 months ago

Kana kutoivhara zvachose,irikubatsira ani,mumaShops rate is between $180-$220 ,Mr Nostro ndopamunodeedzera kuti official rate is $108.66;nxaaa



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