‘Cull the foreign currency auction’

ECONOMIC experts say it is about time the Reserve Bank of Zimbabwe eliminates its currency auction system, which they insist continues to be an encumbrance to the economy’s foreign exchange complex.

Advertisements

The auction was set up to stabilise exchange rates and increase local businesses’ access to hard currency at a time the greenback was scarce. President Emmerson Mnangagwa recently said the system could be dumpe

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.

Related posts

Business prays for bold RBZ measures

Growth target faces ‘turbulence’

Zim inflation surges in January

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More