tawandamusarurwa
Online Reporter
THE Reserve Bank of Zimbabwe (RBZ) has availed US$15 million for the foreign currency auction set for Tuesday next week, as it begins implementing measures, including auctioning a “pre-announced envelope, to fine-tune the auction system.
RBZ Governor Dr John Mangudya said the announcement is in line with the bank’s new policy of making foreign exchange auction allotments public.
“In line with the refinement of the foreign exchange auction system and the subsequent Exchange Control Circular to authorised dealers (Circular No. 03 of 2023 dated May 12, 2023), the Reserve Bank of Zimbabwe would like to advise the public that the amount available for allotment for May 23, 2023 will be US$15 million,” said Dr Mangudya in a statement.
“Going forward, the bank will continue to advise the public of the weekly amounts available on offer under the Foreign Exchange Auction System through authorised dealers.”
Bongani Ndlovu
Online Reporter