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foreign currency

RBZ raps multiple forex bids

Some businesses have put in more than 50 bids from a single firm to access foreign currency at the Reserve Bank of Zimbabwe auctions using different names and banks, RBZ Governor Dr John Mangudya told a Parliamentary committee yesterday.

Money changers camp outside shops

Illegal money changers in Harare and other parts of the country are now hanging around and even inside supermarkets that might have a reasonable number of shoppers using foreign currency offering to pay a premium.