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*RBZ Speaks On Clearance Of Foreign Exchange Allotments Backlog* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?re 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: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- *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. *More Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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