{"id":49619,"date":"2021-11-09T19:19:25","date_gmt":"2021-11-09T17:19:25","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=49619"},"modified":"2021-11-09T18:47:39","modified_gmt":"2021-11-09T16:47:39","slug":"rbz-introduces-new-timelines-for-submission-of-forex-bids","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-introduces-new-timelines-for-submission-of-forex-bids","title":{"rendered":"RBZ Introduces New Timelines For Submission Of Forex Bids"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Reserve Bank of Zimbabwe Governor John Mangudya has directed that all bids for forex have to be submitted through bidders\u2019 bankers four days before the date of the auction.<\/p>\n

In a statement, Mangudya said this is being done to give banks ample time to carry out the necessary due diligence processes and assess their customers\u2019 bids as the number of bids being submitted every week now averages 2 000. The statement read:<\/p>\n

The Bank wishes to advise the public that, with immediate effect, all bids for foreign exchange shall be submitted through bidders\u2019 respective bankers at least four (4) business days before the date of the auction.<\/p>\n

The bankers shall in turn submit the bids to the Bank, the auction administrator, at least three (3) business days before the date of the auction.<\/p>\n

There has been a significant increase in the number of bids being submitted through the auction system, averaging 2 000 per week, and thus the change in bid submission timelines will give banks ample time to carry out the necessary due diligence processes and assess their customers\u2019 bids.<\/p>\n

Any bid submitted later than the set time frame shall be disqualified.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Reserve Bank of Zimbabwe Governor John Mangudya has directed that all bids for forex have to be submitted through bidders\u2019 bankers four days before the date of the auction. In a statement, Mangudya said this is being done to give banks ample time to carry out the necessary due diligence processes and […]<\/p>\n","protected":false},"author":84,"featured_media":49618,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,659,2062,653,631,19],"class_list":{"0":"post-49619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-auction","14":"tag-john-mangudya","15":"tag-rbz","16":"tag-reserve-bank-of-zimbabwe","17":"tag-zimbabwe"},"yoast_head":"\nRBZ Introduces New Timelines For Submission Of Forex Bids - zimbabwe<\/title>\n<meta name=\"description\" content=\"Reserve Bank of Zimbabwe Governor John Mangudya has directed that all bids for forex have to be submitted through bidder ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-introduces-new-timelines-for-submission-of-forex-bids\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Introduces New Timelines For Submission Of Forex Bids\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of Zimbabwe Governor John Mangudya has directed that all bids for forex have to be submitted through bidder ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-introduces-new-timelines-for-submission-of-forex-bids\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-09T17:19:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-09T16:47:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-618aa60ac1cbd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-introduces-new-timelines-for-submission-of-forex-bids\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-introduces-new-timelines-for-submission-of-forex-bids\",\"name\":\"RBZ Introduces New Timelines For Submission Of Forex Bids - 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