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Foreign Currency Auction Results - The Zimbabwe Mail

Foreign Currency Auction Results - The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

Small To Medium Enterprises , Reserve Bank , Medium Enterprises , Import Priority List , Bids Received , Bids Disqualified , Bids Accepted , Bids Allotted , Rate Received , Bid Rate Received , Bid Rate Allotted , Average Rate ,

RBZ Auction Dominates Foreign Currency Supply, Allots US$35.2 Million


By Alois Vinga
THE Reserve Bank of Zimbabwe (RBZ) foreign exchange auction has become the major source of foreign currency for big companies, allotting US$35.2 million this week.
A trading update released at the close of the FX37/2021 states that a total 292 bids were accepted on the main auction while 229 bids were accepted on the Small to Medium Enterprises.
The surge in the number of bids and the allotments totalling US$35.2 million indicates that the auction platform is so far the largest external source of foreign currency for local companies.
The official rate sustained a premium of $83.98 against US$1 while the parallel market rate stood at $100 but remains incapacitated to push high volume transactions. ....

Alois Vinga , Small To Medium Enterprises , Spread This , Fuel Electricity , Medium Enterprises , Import Priority List , சிறிய க்கு நடுத்தர நிறுவனங்கள் , பரவுதல் இது , எரிபொருள் மின்சாரம் , நடுத்தர நிறுவனங்கள் , இறக்குமதி ப்ரையாரிடீ பட்டியல் ,