Zimdollar finds its range
Zimbabwe’s foreign currency exchange rate appears to have reached high levels of stability in the market-driven auctions with the local currency continuing recent trends of a minute firming, one eighth … Read More
Category: Foreign Exchange
RBZ forex auction allots US$25 million to firms as Zim-dollar strengthens
RESERVE Bank of Zimbabwe (RBZ) 15th foreign exchange auction Tuesday allotted a total US$24.5 million worth of foreign currency as the Zimbabwe dollar gained by ZW$0.05 cents against the US … Read More
Exchange rate stability reaches new heights
The exchange rate saw its smallest ever movement in yesterday’s auction, a 0,06 percent firming of the Zimbabwe dollar, about one sixteenth of one percent, to fall to $81,4439 from … Read More
‘Forex auction transparent’
The foreign currency auction is not open to manipulation as bidders make their own applications, setting their own exchange rate, which are submitted to the auction through their banks. Reserve … Read More
The exchange rate strengthens again
Following Tuesday’s foreign currency auction, the Zimbabwe dollar was stronger for the fourth consecutive week against the greenback. A record US$31 million was also allotted with the bulk going toward … Read More
Forex auction allotments top US$30m
Foreign currency allotments leapt almost 50 percent in yesterday’s auction to more than US$31,6 million, smashing spectacularly a record set just a week ago, and with around two thirds of … Read More
Govt clamps down on forex rate violators
GOVERNMENT has deployed a team to probe shops for malpractices such as failure to stick to the official exchange rate when transacting, a Cabinet Minister has said. The deployment comes … Read More
Govt in talks with banks to support Victoria Falls Stock Exchange
ZIMBABWEAN authorities are in discussions with several international investment banks to support the new Victoria Falls Stock Exchange (VFEX) that will trade exclusively in foreign currency, Finance and Economic Development … Read More
. . . funds set for offshore investments
Government is working on a Bill that will allow local pension funds to invest in offshore markets including on the Victoria Falls Stock Exchange which will trade in hard currency … Read More
VFEX will deal with exchange rate risk
The launch of the Victoria Falls Stock Exchange (VFEX) is meant to deal with exchange rate risk from portfolio investment into the country, Finance and Economic Development Minister Mthuli Ncube … Read More
