The Sunday Mail
Online Reporter
THE first foreign currency auction of 2022 has been postponed to January 18 from the originally set date of January 11.
In a statement on Thursday, Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, said authorised dealers had failed to timeously submit essential information required to carry out due diligence on auction bid documentation because of the increase in Covid-19 infections.
“The Reserve Bank of Zimbabwe wishes to advise the public that the spike in Covid-19 infections has impacted negatively on the ability of authorised dealers to timeously submit essential information required to carry out the due diligence on auction bid documentation submitted by their clients.
“As a result, authorised dealers were not able to submit all the required information for the first auction of 2022, originally set for 11 January 2022,” said Dr Mangudya.
He said the foreign currency auction was postponed to give authorised dealers sufficient time to carry out the necessary due diligence, and to submit the required documentation.
