1. Why the foreign currency auction will not work?it won't work because there are millions of other market participants who cannot participate or have foreign currency allotted to them by RBZ. @Wamagaisa @ChadMhako @baba_nyenyedzi @brains_muchemwa

2.The auction is an elite market. Secondly the black market may not necessarily follow this auction rates. The 57 weighted average rate of today that what Mangudya thinks will automatically become the official exchange rate followed by everyone for that particular week.

3. The Tuesday auctions are to sell the foreign currency retained by exporters which must either be used or sold within 30 days at the discretion of the exporter or be subject to compulsory sale after 30 days. It's foreign currency expropriated from its rightful owners.

4.The auction system replaces the interbank market that came into operation in Feb last year, but with the exchange rate then temporarily fixed at $25:US$1.change is the floating based on bids.The auction system is going to have the same effect or impact as the interbank market.

5.Sales will dry up in the official market, companies will get back to resorting to the black market. We are going nowhere. The auction system has a command element of use it or loose it. Exporters do not have bargaining power to sell their foreign currency. @Wamagaisa