{"id":60945,"date":"2022-06-14T19:40:48","date_gmt":"2022-06-14T17:40:48","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd"},"modified":"2022-06-14T21:49:28","modified_gmt":"2022-06-14T19:49:28","slug":"rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd","title":{"rendered":"RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Zimbabwe dollar continued to shed value against the United States dollar as observed at today\u2019s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ).<\/p>\n

The foreign exchange weighted average rate has fallen to US$1: ZWL$338.4921 from US$1: ZWL$325.3314 announced by the RBZ last week.<\/p>\n

At this week\u2019s RBZ foreign currency auction conducted on Tuesday, 14 June 2022, a total of US$24.5 million was allotted.<\/p>\n

The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.<\/p>\n

849 bids were received on the Small to Medium enterprises forex auction, with 722 accepted and 82 disqualified. The total number of bids allotted was 707.<\/p>\n

On the main forex auction, a total of 290 bids were received, 258 were accepted and 32 were disqualified. The total number of bids allotted was 258.<\/p>\n

The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.<\/p>\n

Some bids were also allotted on a pro-rata basis.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Zimbabwe dollar continued to shed value against the United States dollar as observed at today\u2019s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ). The foreign exchange weighted average rate has fallen to US$1: ZWL$338.4921 from US$1: ZWL$325.3314 announced by the RBZ last week. At this week\u2019s RBZ foreign […]<\/p>\n","protected":false},"author":84,"featured_media":60944,"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-60945","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":"\nRBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe dollar continued to shed value against the United States dollar as observed at today\u2019s foreign currency auc ...\" \/>\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\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe dollar continued to shed value against the United States dollar as observed at today\u2019s foreign currency auc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T17:40:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-14T19:49:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/06\/postQueueImg_14-62a8e63625dbd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\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=\"1 minute\" \/>\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\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD\",\"datePublished\":\"2022-06-14T17:40:48+00:00\",\"dateModified\":\"2022-06-14T19:49:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\"},\"wordCount\":186,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/06\/postQueueImg_14-62a8e63625dbd.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\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-foreign-auction-currency-zimbabwe-dollar-sheds-more-value-against-usd\",\"name\":\"RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD - 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