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RBZ ring-fences forex auction system

John Mangudya

Mugove Tafirenyika  CHIEF WRITER tafirenyikam@dailynews.co.zw THE Reserve Bank of Zimbabwe (RBZ) has moved to refine and sustain the Foreign Exchange Auction System through a raft of resolutions, including removal of the compulsory requirement to liquidate all unutilised export proceeds after 60 days.  The auction, introduced in June 2020, is credited for the stability that the…

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