CurrenciesOpinion and Analysis

Don’t let the Zimbabwe Foreign Exchange auction system fool you

This is not an auction system because the RBZ Forex Auction system does not satisfy the definition of an auction system By Desire Muchipisi In an attempt to stabilise the exchange rate and prices in the market, the RBZ introduced the Forex Auction System on the 23rd of June 2020 which has been operational for almost a year now.

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