{"id":62504,"date":"2022-07-10T17:25:26","date_gmt":"2022-07-10T15:25:26","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-to-clear-forex-auction-backlog-by-month-end-mangudya"},"modified":"2022-07-10T19:35:44","modified_gmt":"2022-07-10T17:35:44","slug":"rbz-to-clear-forex-auction-backlog-by-month-end-mangudya","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-to-clear-forex-auction-backlog-by-month-end-mangudya","title":{"rendered":"RBZ To Clear Forex Auction Backlog By Month-end \u2013 Mangudya"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said the central bank intends to clear the foreign currency auction backlog by the end of this month.<\/p>\n<p>The RBZ missed the June deadline that had been set by Government but Mangudya has expressed confidence that the backlog will be cleared by month-end.<\/p>\n<p>In an interview with The Sunday Mail Business, Mangudya said \u201cthere would be no more backlog on the auction by the end of July\u201d. He added:<\/p>\n<p>We are working tirelessly to make sure we quickly settle the backlog at the auction. We should be able to accomplish that by the end of this month; I am confident there would be no more backlog on the auction by the end of July.<\/p>\n<p>In May, President Emmerson Mnangagwa directed the central bank to clear the backlog, which is around US$300 million according to captains of industry.<\/p>\n<p>Mangudya said the RBZ will ensure that allocations match available forex to prevent another backlog. He said:<\/p>\n<p>Going forward, as directed by His Excellency, the bank will make sure that we only auction foreign currency that is immediately available to the bank to prevent a build-up of the backlog, which has not been matched by the liquidity flows.<\/p>\n<p>Download the Pindula App for a better user experience.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said the central bank intends to clear the foreign currency auction backlog by the end of this month. The RBZ missed the June deadline that had been set by Government but Mangudya has expressed confidence that the backlog will be cleared by month-end. In [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62503,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,10692,1546,10273,10691,2062,653,19],"class_list":{"0":"post-62504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-backlog","14":"tag-forex-auction","15":"tag-forex-auction-backlog","16":"tag-forex-auction-trading-system","17":"tag-john-mangudya","18":"tag-rbz","19":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBZ To Clear Forex Auction Backlog By Month-end \u2013 Mangudya - zimbabwe<\/title>\n<meta name=\"description\" content=\"Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said the central bank intends to clear the foreign currency auct ...\" \/>\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-to-clear-forex-auction-backlog-by-month-end-mangudya\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ To Clear Forex Auction Backlog By Month-end \u2013 Mangudya\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said the central bank intends to clear the foreign currency auct ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-to-clear-forex-auction-backlog-by-month-end-mangudya\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-10T15:25:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-10T17:35:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/07\/postQueueImg_12-62cb0dd44d225.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"456\" \/>\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-to-clear-forex-auction-backlog-by-month-end-mangudya\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-to-clear-forex-auction-backlog-by-month-end-mangudya\",\"name\":\"RBZ To Clear Forex Auction Backlog By Month-end \u2013 Mangudya - 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