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RBZ clears forex auction backlog

The central bank said the move is part of its strategy to enhance public confidence through consistent policy implementation and active stakeholder engagement.

THE Reserve Bank of Zimbabwe (RBZ) yesterday said they have cleared the foreign currency allotment backlog at its auction trading system. This comes as the seemingly jinxed local currency has now gone way past the $1 000 mark against the much-coveted greenback on the black market.In a statement, RBZ governor John Mangudya said the move…

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