ECONOMIC experts have praised the Reserve Bank of Zimbabwe (RBZ) foreign currency auction system as the Zimbabwe dollar eased marginally against the United States dollar to 81,78 from 81,73 last week.
When the Reserve Bank of Zimbabwe (RBZ), introduced the foreign currency auction in June this year, there were mixed perceptions on whether it could achieve its aims.
With the illegal foreign currency market being decimated, the value of the local currency being protected, forex being availed to industries and prices at affordable levels, the auction is seemingly on the right path.
Speaking after the last Auction of the year, Confederation of Zimbabwe Industries president Mr Henry Ruzvidzo said the system has restored financial discipline.