Invest Wisely
Close to 800 companies have benefited from the weekly Foreign Currency Auction Trading System where a total of US$639,5 million has been allotted since the introduction of the platform in … Read More
The official auction rate moved to $84,1197 to the US dollar yesterday, drifting 0,16 percent or around 13 Zimbabwe cents since last week with US$35,56 million allocated in total on … Read More
The Reserve Bank of Zimbabwe (RBZ) said on Wednesday US$639.5 million has been allocated to over 100 companies at the foreign currency auction since its inception at the end of … Read More
QUESTIONS continue to increase over whether the auction exchange rate represents the true market value, with business leaders casting aspersions over the independence of the auction system amid growing margins … Read More
FOREIGN currency auctions are market driven and represent an expression of choice in the trade of the hard currency, a development that has stabilised the exchange rate in Zimbabwe. This … Read More
THE Reserve Bank of Zimbabwe (RBZ) says it is moving in to flush out unscrupulous businesses participating at the weekly Foreign Currency Trading System over their indisciplined behaviour. The monetary … Read More
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the forex auction system is the best expression of the market forces hence it is being embraced by the wider business … Read More
Demand for foreign currency on the auction platform is showing an upward trajectory with 540 valid bids receiving their allotments with SMEs hitting a record total allotment of over US$3,1 … Read More
THERE is worrying level of indiscipline by business in the domestic market, leaving authorities with little option but to intervene to forestall costly market failures if the flagrant disregard of … Read More
THE foreign exchange auction system should be regarded only as a transitional means to a market based exchange rate regime, the Confederation of Zimbabwe Industries (CZI) said, as part of … Read More
