Wholesale foreign exchange auction allots US$11,2mln to banks

Sikhulekelani Moyo, [email protected] THE Reserve Bank of Zimbabwe (RBZ) has allotted US$11,2 million to bidders under the newly introduced wholesale foreign exchange auction, which commenced on Wednesday. The platform has already pushed the exchange rate to US$1:ZWL$$4 868 as the local currency continues to shed value from Tuesday’s rate of US$1:3 673 at the old auction … Continue reading Wholesale foreign exchange auction allots US$11,2mln to banks