Foreign Currency Auction Trading System: Zimdollar crashes further

THE Foreign Currency Auction Trading System introduced by the Reserve Bank of Zimbabwe was conducted yesterday with the exchange rate moving to US$1: ZWL$63,7 after US$16,3 million was alloted at the auction. The weekly forex auction trading system, wh…

THE Foreign Currency Auction Trading System introduced by the Reserve Bank of Zimbabwe was conducted yesterday with the exchange rate moving to US$1: ZWL$63,7 after US$16,3 million was alloted at the auction. The weekly forex auction trading system, which determines the Zimbabwe dollar exchange rate was introduced last Tuesday to replace the fixed exchange rate […]