The Reserve Bank of Zimbabwe (RBZ) has immediate changed its original Thursdays auction announcing that the Small to Medium Enterprises (SMEs) foreign currency auction which was launched recently will now also be held on Tuesdays.

The first auction was held this Thursday as initially stated.

In a statement issued after this week’s auction, RBZ said:

The Weighted Average Rate remained at the same level of the Main Auction.

Bids, which were not eligible in terms of the Priority List, were disqualified.

Bids with overdue (‘his, outstanding Bills of Entry (BOEs) and those with sufficient FCA balances were also disqualified
All qualifying bids were allotted in full.

Going forward the SMEs Auction will be run concurrently with the Main Auction on Tuesdays.