Invest Wisely
THE weekly Foreign Currency Auction Trading System resumed activity yesterday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar. The Reserve Bank … Read More
THE Reserve Bank of Zimbabwe (RBZ) has deferred to January 18 the recommencement of the foreign currency auction trading citing Covid-19-induced delays in submission of bids by businesses and organisations. … Read More
A total of US$6,7 billion was channelled towards foreign payments between January and December 2021 with the bulk of the funding going towards procurement of raw material and other essential … Read More
THE Zimbabwe dollar this week slipped by 2,8 percent to trade at 108,7 against the United States dollar from last week’s exchange rate of $105,7 against the greenback at the … Read More
THE Reserve Bank of Zimbabwe (RBZ) has this week allotted US$39,1 million at the forex exchange auction, reflecting a seven-percentage decrease from last week’s total of US$42 million. The auction … Read More
THE Zimbabwean dollar has maintained its stability against the United States dollar trading at $105,7 at this week’s foreign currency auction system. The introduction of the foreign currency … Read More
ECONOMISTS warned yesterday that the fast depreciating Zimbabwe dollar could further push up prices of basic goods and trigger fresh inflationary pressures on the economy. The economic experts noted that … Read More
THE Zimbabwe dollar this week shed 5,4 percent to trade at $105,7 against the United States dollar from last week’s rate of $99,9. A total of US$41,7 million was allotted … Read More
The Reserve Bank of Zimbabwe (RBZ) yesterday says it has started the process to clear nearly US$200 million of the foreign currency backlog on the auction market after receiving the … Read More
The freezing of bank and mobile money accounts and the blacklisting for two years are part of the RBZ’s efforts toclamp down on the black market by removing the middlemen. … Read More
