Weekly forex allotment clocks US$46 million
THE amount of foreign currency allocated to bidders at this week’s auction system reached a record high of US$46,9 million from, which 981 bids were accepted. The weekly Foreign Currency … Read More
Category: Foreign Exchange
Businesses still defy official bank rate
MOST companies in both the formal and informal sector have reverted to black market rate pricing in defiance of Statutory Instrument (SI) 127/2021 compelling businesses to use the official bank … Read More
Reserve Bank names companies abusing foreign exchange auction system
THE Reserve Bank of Zimbabwe has named 18 companies that have been abusing the foreign exchange auction system. The RBZ released a statement and said the companies that were found … Read More
Zim dollar slightly eases against US$
THE Zimbabwe dollar has eased to trade at 85,07 against the United States dollar at this week’s foreign currency auction from 84,76 last week. According to data provided by the … Read More
Time to review the forex auction system, industry . . . as CZI calls for temporary suspension SI 127
Zimbabwe’s industrial players, a significant stakeholder in the foreign currency auction system, have said its time to take a step back and look at the auction system and see how … Read More
Increase in net forex outflows recorded
Zimbabwe has been experiencing significant net foreign currency outflows since the quarter ending September 2020, official data from the central bank show. While the country has been recording more outflows … Read More
Forex auctions revive industry
Displaying the rapid recovery and growth of Zimbabwe’s industrial sector, raw material requirements absorbed 44 percent of hard currency allotted on the Reserve Bank of Zimbabwe’s foreign currency system during … Read More
Why You Should Consider Attending Forex Trading Seminars
In the past few years, the number of forex traders has increased tremendously. Forex trading has given countless people the opportunity to be financially free. Consequently, this has driven many … Read More
Zimdollar trades unchanged
The Zimbabwe dollar will this week trade largely unchanged against the US dollar at $84,76 from $83,72 last week following yesterday’s Reserve Bank of Zimbabwe (RBZ) foreign currency auction, as … Read More
Businesses comply with latest forex usage regulations
BUSINESSES have started complying with the latest foreign currency usage regulations while industry leaders are expected to meet the Government this week to deliberate on concerns arising from the new … Read More
