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Auction payments freeze stabilises prices – RBZ

Reserve Bank of Zimbabwe governor, John Mushayavanhu

By Brandon Josphat josphatbl@dailynews.co.zw AUTHORITIES say the move to quarantine the over US$100 million outstanding Dutch foreign currency auction system payments is meant to stabilise the foreign exchange and prices of basic commodities. The operations of the auction system were suspended late last year. The Reserve Bank of Zimbabwe (RBZ) made a decision that the…

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