Categories: Zim Latest

Latest RBZ forex auction results

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.

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