Foreign currency auction system

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‘Criminal syndicates in charge of forex auction system’

Citizens are failing to access foreign currency at the prevailing auction rate, with some noting that the biggest challenge was criminal…

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Minister of Finance and Economic Development Professor Mthuli Ncube has down played concerns raised by citizens that Statutory Instrument (SI)…

Mandla Tshuma9th March 2021

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Finance and Economic Development Minister, Mthuli Ncube, has said the government’s auction-based foreign currency exchange rate, which has since the…

Mandla Tshuma3rd March 2021

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The government’s foreign currency auction-determined exchange rate of the United States dollar against the local currency is to blame for…

Mandla Tshuma14th January 2021

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The ‘stability’ of the Zimbabwe dollar against the United States dollar, brought about by the introduction of the foreign currency…

Mandla Tshuma24th August 2020

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Almost US$140 million has been allotted since the introduction of the foreign currency exchange auction system by the Reserve Bank…