17.1 C
Harare
Wednesday, October 20, 2021
2nd highest allotment this month at US$41.09 millionNo Fuel, Electricity and Gas allotmentsHighest Paper & Packaging allotment at US$1.55 millionLeast number of rejected bids this month Harare – After shedding 1% last week, the Zimbabwean dollar has come out of this week’s foreign...
HARARE – The chaotic whirlwind of heated accusations and staunch denials relating to the claims of currency manipulations in Zimbabwe has reached another level. This comes as the Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) says it has...
No fuel, electricity and gas Main Auction allotmentsAuction had the most bids received since the auction beganUS$8,186,261.55 difference between value of bids accepted & value of amount allotted. Harare – The Zimbabwean dollar has further weakened to ZW$86.92 against the US$ in the...
The minister recently visited Dubai’s DMCC crypto centerSays Zimbabwe should prepare for the crypto revolutionSays crypto solutions could be instrumental in reducing remittance charges Harare – Finance and economic development minister, Mthuli Ncube has expressed interest in the adoption of cryptocurrency for use...
The country has a strong balance of payment position for a stable currencyFine tuning of certain aspects of the auction system neededGovernment to close supply gap that has emerged from those that have been allocated the foreign currency at the auction system Harare...
ZW$ weakened to 86.0551 per dollarThe grand total awarded fell to US$46,5 million from a previous record of US$51,7mThe RBZ is grappling with a foreign currency allotment backlog of US$175m Harare – The Zimbabwean dollar advanced further northwards of the 1:85 range against...
The auction set a new record of $US51.69Number of bids received scaled up during the weekZW$ closed at ZW$85.90 Harare - The Reserve Bank of Zimbabwe (RBZ)'s weekly foreign currency auction registered a new record this past Tuesday as allocations amounted to US$51,69...
Key Highlights Revenue down 3% to R14 918 million (2020: R15 382 million)Headline loss per share of 822 cents (2020: loss of 211 cents)Continued negative impacts from hyperinflation in ZimbabweA 42% reduction in group debt from disposals, as well as reduced costs, working capital...
Rand trading almost 2% lower than its last closeJSE down 0.6%Protests worsening slumps already being caused by lockdown Harare – The South African Rand has slumped to levels last seen at the close of April owing to violent protests against the arrest of...
HARARE – Zimbabwe’s currency environment is hostile to business operations, and although there have been attempts by the government and aligned commentators or analysts per se to sanitise the existing policy environment, evidence shows that the country is facing a currency crisis.