RBZ to clear auction backlog next month
RYAN CHIGOCHE Zimbabwe’s central bank governor, John Mangudya (pictured), has promised to clear all outstanding foreign currency auction system allotments backlog by the end of next month, Business Times can report. The Reserve Bank of Zimbabwe (RBZ) has been struggling to effectively release the forex allotted to companies, resulting in a backlog of US$75m. “We are…
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