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RBZ Speaks On Clearance Of Foreign Exchange Allotments Backlog

RBZ Speaks On Clearance Of Foreign Exchange Allotments Backlog

The Foreign Exchange Auction System’s backlog of foreign exchange allotments has been resolved, according to the Reserve Bank of Zimbabwe (RBZ).

The central bank’s statement seen by Pindula News ascribed the trend to higher foreign currency inflows into the nation of southern Africa. Reads the statement issued by RBZ Governor, Dr John Panonetsa Mangudya:

CLEARANCE OF BACKLOG OF FOREIGN EXCHANGE AUCTION ALLOTMENTS

The Reserve Bank of Zimbabwe (the Bank) is pleased to advise the public that it has cleared the backlog of foreign exchange allotments under the Foreign Exchange Auction System. This development is a result of improved foreign exchange inflows in the Country.

Going forward, the Bank will abide by the Foreign Exchange Auction Rules and ensure that foreign currency is available to successful bidders within 14 days from the date of auction. This will go a long way in maintaining a stable foreign exchange rate and sustaining financial stability in the economy.

In December 2022, deputy governor Dr Innocent Matshe stated that the apex bank was striving to shorten the period between the time that allotments are made and run and the time that the allottee receives money in foreign currency accounts.

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8 Comments

mlambo naume 1 week ago

tipei yevaroyi vkadonhedzerana mushop memunhu achibva koroya


Dispenser 1 week ago

Interested, how did it happen.

Vaye vaye 1 week ago

Are we supposed to cheer them for clearing a backlog they created.


Grant 1 week ago

@Mlambo;haunzwi kutya here kuti varoyi variko uye vanogona kurara vakusvikira kwauri nerusero vari 14 ukaswera wakika bucket, haaaa pakuzofamba vari 14 mukarusero haaa ndoo magic manje, ko sei vasina kudonhera pamusoro we shop pane kuzodonhera mushop, ndoo vharaz munhu uyu aive auya kuzoroya mushop akabatirwamo.


mlambo naume 1 week ago

ummmm chirega kudaro ,munhu kubva Kumbakuenda kugweja kwakutonoroya kwakutosiiwa muroad

**** 1 week ago

ko kana va clear zvine benefit yei kwatiri Povho kkk, ndiani ari pano pa pindula akawanawo kana dhora


1 week ago

So the auction is done today and the money is issued 2 weeks later after the value of our free fall zw$ has worsened...


It's USD tht are issued 1 week ago

USD issued

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