RBZ Postpones The 1st 2022 Foreign Currency Exchange Auction

The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Panonetsa Mangudya has postponed the first 2022 Foreign Exchange Auction that was scheduled for Tuesday the 11th of January.

Mangudya said the auction will now be conducted on the 18th of this month.            

In a statement, the central bank said the move is in line with the need to facilitate proper documentation systems delayed due to the COVID-19 pandemic.   

RBZ’s last auction was on 14 December last year. The central bank then closed the Auction System in line with the resolutions of the Monetary Policy Committee (MPC) meeting of 3 Dec 2021 and in view of the festive season that was approaching.

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