RBZ Forex Auction Closes For 2021, To Resume In January

The Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, has closed the foreign currency auction for the year 2021.

Tuesday’s Forex Auction was last for the year, with the next auction scheduled for next year, 11 January 2022.

The Zimbabwe dollar has slightly firmed against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction.

The closure of the Auction System is in line with the resolutions of the Monetary Policy Committee (MPC) meeting of 3 Dec 2021 and was in view of the forthcoming festive season.

According to data published by the RBZ after the forex auction conducted on Tuesday, 14 December 2021, this week, the weighted average was US$1: ZWL$108.6660 down from last week’s rate that stood at US$1: ZWL$108.6678.

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