{"id":45538,"date":"2021-08-25T18:07:05","date_gmt":"2021-08-25T16:07:05","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=45538"},"modified":"2021-08-25T17:56:17","modified_gmt":"2021-08-25T15:56:17","slug":"cfi-hails-rbz-for-stabilising-zim-dollar","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar","title":{"rendered":"CFI Hails RBZ For Stabilising Zim Dollar"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting in place measures aimed at reinforcing the stability of the local currency which have seen a deceleration of inflation.<\/p>\n

Presenting a trading update for the third quarter ended June 30, 2021, CFI Holdings company secretary, Panganayi Hare hailed authorities for putting in place policies that encouraged the flow of foreign currency.<\/p>\n

\u201cThe operating environment continued to improve following the introduction of the foreign currency auction system and the use of the United States Dollar as a mode of payment in June 2020.<\/p>\n

\u201cThese measures reinforced stability and assisted the Group in sourcing various raw materials and merchandise efficiently,\u201d said Hare.<\/p>\n

The group credited the policies for the reduction of month-on-month inflation in the third quarter which declined to 2.7% against 21.5% for the comparable period and 4.1% in the first half of the year.<\/p>\n

\u201cAverage annual year-on-year inflation slowed down to 154.2% against 762.8% in the third quarter of 2020. The Group has continued to prioritize the safety of its employees, consumers, and products in the face of the ongoing Covid-19 pandemic,\u201d Hare said.<\/p>\n

The remarks coincided with RBZ weekly allotments reaching a record US$51,6 million up from the average allotment figure hovering around US$40 million.<\/p>\n

Demand for foreign currency continued to rise reaching 1 396 total bids received on both the SME and main auction platforms.<\/p>\n

Priority towards revamping the country\u2019s economy was sustained with raw materials, machinery, and equipment receiving US$14, 9 million and US$8, 3 million respectively on the main auction platform.<\/p>\n

The same needs received US$3, 4 million and US$4, 1 million respectively on the SME platform.<\/p>\n

A total of US$36,5 million and US$15,1 million were allotted on the Main and SME auction platforms respectively.<\/p>\n

Meanwhile, during the period under review, sales volumes in the key revenue drivers improved by 169%.<\/p>\n

The growth was attributable to an increase in aggregate demand following the relatively good 2020\/2021 rainy season, which boosted both summer crops and the tobacco season and in part the resurgence in construction activities.<\/p>\n

The Group also benefited from growing demand for Agrifoods\u2019 stock-feeds after it exited judicial management in the prior year as well as the opening of additional retail stores during the period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting in place measures aimed at reinforcing the stability of the local currency which have seen a deceleration of inflation. Presenting a trading update for the third quarter ended June 30, 2021, CFI Holdings […]<\/p>\n","protected":false},"author":84,"featured_media":45537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-45538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nCFI Hails RBZ For Stabilising Zim Dollar - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFI Hails RBZ For Stabilising Zim Dollar\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-25T16:07:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CFI Hails RBZ For Stabilising Zim Dollar\",\"datePublished\":\"2021-08-25T16:07:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\"},\"wordCount\":373,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\",\"name\":\"CFI Hails RBZ For Stabilising Zim Dollar - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg\",\"datePublished\":\"2021-08-25T16:07:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg\",\"width\":720,\"height\":720,\"caption\":\"CFI Hails RBZ For Stabilising Zim Dollar\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CFI Hails RBZ For Stabilising Zim Dollar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CFI Hails RBZ For Stabilising Zim Dollar - zimbabwe","description":"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar","og_locale":"en_US","og_type":"article","og_title":"CFI Hails RBZ For Stabilising Zim Dollar","og_description":"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar","og_site_name":"zimbabwe","article_published_time":"2021-08-25T16:07:05+00:00","og_image":[{"width":720,"height":720,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"CFI Hails RBZ For Stabilising Zim Dollar","datePublished":"2021-08-25T16:07:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar"},"wordCount":373,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar","name":"CFI Hails RBZ For Stabilising Zim Dollar - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg","datePublished":"2021-08-25T16:07:05+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"By Alois Vinga - AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-612668086695b.jpg","width":720,"height":720,"caption":"CFI Hails RBZ For Stabilising Zim Dollar"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cfi-hails-rbz-for-stabilising-zim-dollar#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"CFI Hails RBZ For Stabilising Zim Dollar"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/45538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=45538"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/45538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/45537"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=45538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=45538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=45538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}