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RBZ Says Forex Auction Has Not Been Suspended

RBZ Says Forex Auction Has Not Been Suspended

The Reserve Bank of Zimbabwe has said the Foreign Currency Auction that is usually conducted on Tuesday has not been suspended but only closed for this year.

In a statement, the central bank said the last auction for this auction was on Tuesday the 14th while the next will be on the 11th of January next year. Said the RBZ:

The Bank wishes to advise the public that a story headlined “Mangudya Suspends RBZ Forex Auction With Immediate Effect”, currently circulating on some social media platforms is fake and same should be treated as false, unfounded and mischievous. 

For the record, the Bank has not suspended the Auction System but has advised the public that one of the resolutions of the MPC meeting of 3 Dec 2021 was that, “…in view of the forthcoming festive season, the last auction for 2021 will be on 14 Dec 2021 and the first auction for 2022 will be on 11 Jan 2022”. 

Stories and story headlines of this nature have the potential to destabilise financial markets and economic stability of the country and as such the Bank implores members of the public to use social media responsibly and desist from generation and circulation of fake news.

More: Pindula News

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