The Reserve Bank of Zimbabwe has released the results from the recent forex auction.
Meanwhile, the RBZ’s latest Monetary Policy Committee meeting made the following resolutions:
Secondary users’ can no longer bid above US$100K at the forex auction. Main policy rate steady at 40%.
RBZ must clear US$175m auction backlog in a month.
The committee also noted that forex receipts are up 32%, with forex payments 42% up countering the revenue.