Zimbabwe: RBZ Auction Sustains Stability, Targets 55 Percent Inflation Reduction By July

Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system has managed to sustain stability nearly a year since its introduction amid targets to achieve a 55% yearly inflation reduction by July.

A trading update released at the close trading Tuesday shows that the Main Auction received 328 bids with the highest bidding rate reaching $87 and a low of $82.

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