Dear Valued Client,

In line with the regulations for participating in the Foreign Exchange Auction, we advise below information that must be included in your Bid application:

1. Indicate the Bid Exchange Rate.
2. State the USD amount that you are bidding for.
3. Select the auction group you are participating in, guided by the amounts below:
   – SME Foreign Exchange Auction for amounts between USD$2,500 and USD$20,000.
   – Main Foreign Exchange Auction for amounts between USD$50,000 and USD$500,000.
4. Fund your NMB Bank Account with sufficient ZWL to cover the bid amount.
5. Obtain the following supporting documents:
   – Valid Invoice, issued within the last 30 days, showing delivery period, stating consignor and consignee details.
   – Valid Tax Clearance Certificate.
   – Valid licences, where applicable.
6. Submit relevant ZIMRA stamped Bills of Entries (BOEs) and invoices for Credit Payments.
7. Clearly describe the Goods and or Services to be paid for, specifying quantities where applicable.
8. Clearly classify your Economic Sector; for example, Mining, Manufacturing, Retail and Distribution, Agriculture and Services.
9. Check with the Bank if there are any outstanding acquittals (CEBAS and or CEPECS), prior to submission of your bid application.
10. For individuals, submit relevant identity documents i.e. Passport Copy, National ID Copy or Driver’s Licence Copy. Attach relevant invoices e.g. Tuition Fees, Medical Invoices etc.

Should you require further assistance, do not hesitate to contact our Relationship Managers or your nearest NMB Bank Branch.

Our 24-Hour Contact Centre is available on:

Kind Regards,

NMB Marketing
Issued:23/06/2021