The Reserve Bank of Zimbabwe says it has cleared the nearly US$200 million ring-fenced foreign currency backlog on the auction system.
Governor, Dr John Mangudya says that the apex bank was now working to ensure it is current on all allotted fresh bids.
The backlog accumulated from bids allotted on the auction but which the bank The Confederation of Zimbabwe Industries president, Kurai Matsheza, however, says although the RBZ had cleared the ring-fenced amount, some firms still had backlogs going back to December last year.
Dr Mangudya says there had been a lot of progress on efforts to clear all the allotted outstanding bids on the bank's weekly auction system.