Forex auction rules flouted
…As backlog swells to US$350m
LIVINGSTONE MARUFU Captains of industry have condemned the Reserve Bank of Zimbabwe (RBZ) for flouting the foreign currency auction system rules, a move which has resulted in the forex backlog swelling to about US$350m from US$75m two months ago. Under the set rules, the highest bidder is supposed to access the forex first. But,…
