{"id":86480,"date":"2023-11-09T10:38:29","date_gmt":"2023-11-09T08:38:29","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction"},"modified":"2023-11-09T14:07:52","modified_gmt":"2023-11-09T12:07:52","slug":"zw-depreciates-by-0-34-on-the-rbz-auction","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction","title":{"rendered":"ZW$ depreciates by 0.34% on the RBZ Auction"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE ZW$ slightly declined by 0,34% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction platform but continues to maintain a close range behind the parallel market premiums.<\/p>\n

A trading update released at the close of business Tuesday shows that the local currency depreciated to a premium of US$1: ZW$ 5 738 down from a premium of ZW$5 718 recorded last week to signify a 0,34% decline.<\/p>\n

poster<\/p>\n

Traders are allowed to peg prices up to ZW$6 201 against the greenback to maintain a close range behind the parallel market where the widely accessible rate is around US$1: ZWL 7 000.<\/p>\n

Some traders are charging much more depending on the demand and supply factors around the trades.<\/p>\n

Allotments made on the Wholesale Auction- a platform where banks access the foreign currency for onward selling to their clients show that all the 20 bids submitted were granted with a total US$17,4 million being disbursed.<\/p>\n

However, the platform could not exhaust the US$20 million on offer leaving a surplus of US$2,6 million in a development which proves that ZW$ supply is still limited and faring within sustainable margins.<\/p>\n

On the Retail Auction, a total of US$1,9 million was availed with allotments being tilted in favor of supporting key productivity related needs such as raw materials which received US$582 700, machinery and equipment US$610 987, consumables US$153 558, services US$340 857, retail and distribution US$179 261.<\/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 ZW$ slightly declined by 0,34% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction platform but continues to maintain a close range behind the parallel market premiums. A trading update released at the close of business Tuesday shows that the local currency depreciated to a premium of US$1: ZW$ 5 […]<\/p>\n","protected":false},"author":84,"featured_media":86478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":["post-86480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nZW$ depreciates by 0.34% on the RBZ Auction - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE ZW$ slightly declined by 0,34% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction platform but continues ...\" \/>\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\/zw-depreciates-by-0-34-on-the-rbz-auction\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZW$ depreciates by 0.34% on the RBZ Auction\" \/>\n<meta property=\"og:description\" content=\"THE ZW$ slightly declined by 0,34% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction platform but continues ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T08:38:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T12:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699515170.10078.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1023\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\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\/zw-depreciates-by-0-34-on-the-rbz-auction#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ZW$ depreciates by 0.34% on the RBZ Auction\",\"datePublished\":\"2023-11-09T08:38:29+00:00\",\"dateModified\":\"2023-11-09T12:07:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction\"},\"wordCount\":239,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699515170.10078.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zw-depreciates-by-0-34-on-the-rbz-auction\",\"name\":\"ZW$ depreciates by 0.34% on the RBZ Auction - 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