WebAug 18, 2024 · THE Reserve Bank of Zimbabwe (RBZ) foreign exchange auction Tuesday increased the official rate to 1:83 against the United States dollar, maintaining a very … Web2 days ago · The Reserve Bank of Zimbabwe (RBZ) has released results of the latest foreign currency auction with the local currency not performing so well. Apparently, the main beneficiary form the auction was raw materials followed by machinery and equipment. RBZ introduced the Foreign Exchange Auction System in 2024 to determine the Zimbabwe …
Amendment of foreign exchange retention requirements and
WebFeb 7, 2024 · The export foreign currency retention rate has been standardised across the board to 75%. This means companies that export will be required to exchange 25% of their … WebHow to use OANDA’s Currency Converter. To use OANDA’s free currency converter, type into the relevant field currency names, 3-letter ISO currency symbols, or country names to select your currency. You can convert world currencies, precious metals, or obsolete currencies. You can also access currency exchange rates dating back to January 1990. lichess for windows 10
Currency Converter Foreign Exchange Rates OANDA
WebFeb 3, 2024 · RBZ cuts interest rates. THE Reserve Bank of Zimbabwe (RBZ) has slashed interest rates by 50 percentage points and increased the portion of earnings that exporters can keep in foreign currency to 75% from 60% previously. The announcement was made in the central bank’s February 2024 monetary policy statement (MPS) released yesterday. WebFeb 15, 2024 · The Zimbabwe dollar has lost further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction. Data released by the central bank following the forex auction conducted on Tuesday, 15 February 2024 shows that the value of the local currency fell by $1.6426 against the US dollar. This week the … WebApr 5, 2024 · The bank also increased interest rates as part of pro-active measures to ease inflation increases. An update released by the RBZ governor John Mangudya shortly after the RBZ Monetary Policy Committee (MPC) meeting confirmed the latest development, which is anticipated to cripple black market foreign currency trades. lichess fourm posts