RBZ forex auction increases allotments to US$51,7m
THE Reserve Bank of Zimbabwe (RBZ) has this week allotted US$51,7 million at the foreign exchange auction, reflecting a 5,3 percent spike from last week’s total of US$49,1 million. The … Read More
Category: Foreign Exchange
Parallel market rate distorting pricing: CZI
Growing disparity between official and parallel market exchange rates has a destabilising effect on formal businesses that must now price their goods and services in the cost of expensive foreign … Read More
Industry operations benefit more from forex auction
A TOTAL of US$49,1 million has been allotted at the foreign currency exchange auction conducted on Tuesday where the local dollar traded at 85,82 against the United States dollar from … Read More
Forex Auction’s contribution to foreign payments up 153 percentage
The foreign currency auction system is fast becoming a major source of foreign currency for businesses, latest figures from the Reserve Bank of Zimbabwe (RBZ) show. The foreign currency auction … Read More
Forex auction spurs industrial development: RBZ
THE Reserve Bank of Zimbabwe (RBZ) says 69,3 percent of the US$1,545 billion alloted since the introduction of the Foreign Exchange Auction System in June 2020 to June this year … Read More
Zim dollar slightly eases against US dollar
THE Zimbabwe dollar slightly eased against the United States dollar at the weekly foreign currency auction platform to trade at 85,42 on Tuesday compared to last week’s 85,36. Data provided … Read More
Liberalise exchange controls, says CZI
The Confederation of Zimbabwe Industries insists, exchange controls in the country “need to be liberalised as the gap between the official rate and the parallel market continues to widen creating … Read More
RBZ forex auction rate stabilises at $85
The average exchange rate for the Zimbabwe dollar against the US dollar was virtually unchanged at $85,36 on Tuesday from $85,24 last week on the Reserve Bank of Zimbabwe (RBZ)’s … Read More
Stability as forex auction turns one
THE Reserve Bank of Zimbabwe (RBZ) has said businesses must continue accepting payment in foreign currency to ensure the elusive hard currency keeps circulating in the formal sector. RBZ Governor … Read More
Forex allocations near US$47m
Foreign currency allocation from the Reserve Bank of Zimbabwe (RBZ)’s auction system hits record levels on Tuesday at US$46,9 million, as the average exchange rate for the Zimbabwe dollar against … Read More
