The country’s largest industrial body, the Confederation of Zimbabwe Industries has complained that auction rules are being flouted and this has resulted in the widening gap between the auction and parallel market rates as well as the failure by the central bank to pay companies their allotments on time.
It said the backlog was in some cases more than 10 weeks.
Today, the auction allotted US$30.5 million to 1 261 businesses.
The lowest offer was $145 and the highest $180, both way below the black market rates.
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