12.8 C
Harare
Wednesday, April 14, 2021
Rate stands at 1US$: ZW$83.89The local unit fell from 83.75 in the prior weekPoorest performance since the enactment of the auction system After losing ZW$0.37 cents in value at last week’s auction held on the 16th of February 2021, the local currency enters...
The weekly forex exchange auction was introduced to reduce the parallel premiumMarred with confidence deficit amid claims of rate manipulationRising parallel premium promotes opportunities for large scale rent seeking activities HARARE – Since November 2017 when President Emmerson Mnangagwa took over the helm...
Rate stands at 1US$: ZW$83.75The local unit fell from 83.37 in the prior weekHighest rate received climbed to ZW$89 After holding the same position for two consecutive weeks the Zimbabwean dollar has come out of this week’s foreign currency auction ZW$0.37 cents weaker...
Rate stands at 1US$: ZW$83.37Same as in the prior weekTotal amount allotted fell by US$1,72 million despite a rise in total bids accepted The Zimbabwean dollar left this week’s foreign currency auction held on the 9th of February 2021 unchanged, trading at US$1:...
Rate stands at 1US$: ZW$83.37The local unit fell from 82.67 in the prior weekTotal amount allotted climbed by US$7,6 million despite a slump in the number of bids accepted The local currency left this week’s foreign currency auction held on the 2nd of...
Rate stands at 1US$: ZW$82.67The local unit fell from 82.08 in the prior weekTotal amount allotted down by US$7 million despite rise in number of bids and bids value Figures from this week’s Reserve Bank of Zimbabwe (RBZ) foreign currency auction held on...
Local unit fell by 0.31 centsTotal number of bids went up 22% from prior auction record’Total of US$35,8 million allotted The Zimbabwean Dollar started the new year ZW$0.31 lower in value against the US dollar than its last known position in 2020 possibly...
December CPI stood at 348.59 %Month-on-month inflation came in at 4.22%December figure was a miss from the government’s 300% target The retail inflation, measured by Consumer Price Index (CPI) for December 2020 measured by the all items CPI stood at 348.59 %, shedding...
ZW$ traded at ZWL$81.81 against US$1Allotments to industry reached a new high of US$32.9 millionThe local currency was on a two months run of successive gains until last week HARARE – The Zimbabwe dollar marginally lost value to the United States dollar in...
Quarterly volumes up 28%Revenue up 15%Operations smoothened by improved accessibly to forex facilitated by the Forex Auction Harare – Liquor manufacturer and distributor African Distillers Limited has posted improved volumes in spirits and ready-to-drink (RTD) operations as well as a jump in revenue...