WebBusiness recently suggested that the exchange rate must be determined by this rate, instead of the auction system. However, speaking during a CEO Africa Roundtable meeting in Harare yesterday, RBZ governor John Mangudya said the auction system, which was set up in June 2024 to provide cheaper foreign currency to business, would continue determining the … WebMar 17, 2024 · The RBZ foreign currency auction was temporarily closed for the festive season from December 14 2024 and resumed on January 20 2024 with a total US$30 million allotted on the return date. Dr Mangudya, in a foreign exchange payments update for the period January to February, said US$120 million was allotted under the main foreign …
Foreign Exchange Auction Results - 18 January 2024
WebJan 23, 2024 · USD / ZWL$ 783.1360 (Most-Oa-Tunya Gold Rate) USD / ZWL$ 732.0036 (RBZ Auction Rate) Follow @Zimrates1. Prev Previous USD/ZWL 22 January 2024. Next … WebApr 13, 2024 · Business Reporter THE Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction this week allotted a total US$20, 5 million amid growing concerns around ZWL depreciation seen in recent weeks. A trading update released at the close of business Tuesday shows that on the Main platform, a total 283 bids were accepted receiving … how many times do u have to train for v4
Forex auction reopening deferred to next week - Bulawayo24 News
WebIn today’s auction, a grand total of US$ 15.63 million was awarded to local companies with the Main auction awarding US$ 13.43 million while the SME auction awarded US$ 2.2 million. The highest bidding rate received was ZW$ 650 from the SME auction and ZW$655 from the Main auction which is almost at par with some parallel market rates of between … WebOct 31, 2024 · The parallel market exchange rate was at $100:US$1 in June 2024 when the auction system was introduced, and decreased slightly to below $100 until around November 2024. In January 2024, the parallel market rate had increased by only 8 percent over a seven-month period. WebJan 17, 2024 · The Zimbabwe dollar has continued to fall in value against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency auction. At the latest auction … how many times do they say thunderstruck