‘Abandon forex auction’
…As FIU tightens screws on forex dealers
LIVINGSTONE MARUFU Captains of industry this week pressured the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya to consider abandoning the ‘inefficient’ Dutch foreign currency auction system or do an overhaul of the system. Local businesses also suggested the return of the interbank system to allocate foreign currency in the economy. The call by business…
