FBC, CBZ and Agribank Nostro accounts

RBZ launches second Foreign Currency Auction, to announce new exchange rates twice per week

People are confused following an announcement by the Reserve Bank of Zimbabwe of an additional foreign exchange auction that's designed to fit the forex needs of individuals Small and Medium Enterprises (SMEs). The Reserve Bank of Zimbabwe (the Bank) is pleased to advise the public of the introduction of a second foreign exchange auction system … Continue reading RBZ launches second Foreign Currency Auction, to announce new exchange rates twice per week

Conversation of US dollars to RTGS

04/08 – New Official & Black market exchange rates

The new exchange rate has increased to ZWL$ 80.5 from last week's 76.75. This marks the 6 successive week of the Zimbabwe dollar's value falling since the inaugural Foreign Currency Auction. Black market exchange rate According to Zimpricecheck, the exchange rate on the black market is as follows: USD / ZWL$ ZIPIT/Bank $108.00 USD / … Continue reading 04/08 – New Official & Black market exchange rates

Zimbabwe US dollars Foreign currency exchange auction

Foreign Currency Auction & Black market exchange rates

This week's Foreign Currency Auction settled settled for an exchange rate of ZWL$76.75. This is an increase from last week's exchange rate of ZWL$72.16. The new exchange rate also tells that the Zimbabwe dollar's value has depreciated a further 6% which is the biggest fall since the inaugural Auction. Black market exchange rate According to … Continue reading Foreign Currency Auction & Black market exchange rates

Sell US$1 notes in Zimbabwe

21/07: New exchange rate is out, Zim dollar value down by 4.5% again

The 5th Foreign Exchange Auction has determined this week's exchange rate to be ZWL$72.14.Its another 4.5% percent depreciation of the Zimbabwe dollar's value from last week's exchange rate of ZWL$68.88 Black market rates According to Zimpricecheck, the black market rate is between ZWL$94 and ZWL$100 depending on whether you used ZIPIT, EcoCash, or OneMoney.

US dollars Bond notes Zim dollars

14/07: This week’s official rate is out, Zim dollar value down by 4.5%

This week's exchange rate is ZWL$68.88 according to today's Foreign Exchange Auction. Last week's exchange rate was ZWL$$ 65.87. So it means the Zimbabwe dollar has lost 4.5% of its value on the official market. What transpired on the Auction This week's highest bid was ZWL$85 and the lowest bid was ZWL$40. As for last … Continue reading 14/07: This week’s official rate is out, Zim dollar value down by 4.5%

Sell US$1 notes in Zimbabwe

Moneychangers now selling US$1 notes at a premium

Moneychangers have started selling US$1 notes at a 10% premium to retailers looking for change to give customers. Lately, US$1 notes have mysteriously become scarce and, as a result, it has caused serious problems of change. As a result, moneychangers have started selling US$1 notes at a premium of ZWL$110 whilst the rest of US … Continue reading Moneychangers now selling US$1 notes at a premium

Zimbabwe dollar US Dollar price

07/07: New official rate out, Zim dollar value down by 3.2%

Today marks the third week since the Foreign Currency Auction was launched. And today the official exchange rate that was determined by the auction is ZWL$$ 65.87 This represents a 3.2% depreciation of Zimbabwe dollar's value from last week's official exchange rate. However, a 3.2% depreciation is an improvement from last week's 11% depreciation. Bids … Continue reading 07/07: New official rate out, Zim dollar value down by 3.2%

Zimbabwe foreign currency auction system

30/06: New official rate out, Zim dollar value down by 11%

The second foreign currency auction has taken place today and it has established that the new official exchange rate is ZWL$63.74. This is an increase of ZWL$6.39 from last week's inaugural rate of ZWL$57.35 In other words, the Zimbabwe dollar has lost 11.14% from last week. The highest rate which was bid on the foreign … Continue reading 30/06: New official rate out, Zim dollar value down by 11%

Zimbabwe foreign currency auction system

23/06: RBZ reveals the new exchange rate

The new official exchange rate has now been established after the foreign exchange auction system debuted today. How the Auction works The auction system allows companies to bid for foreign currency every Tuesday and the winning bidder receives the forex after they pay the equivalent Zimbabwe dollars. After the end of an auction sale every … Continue reading 23/06: RBZ reveals the new exchange rate

USD Zimbabwe Dollar Bond notes

RBZ to end USD/ZWL fixed exchange rate on 22 June

The Reserve Bank of Zimbabwe has followed on last week's statement concerning the introduction of a foreign currency trading system which will end the interbank fixed exchange rate. RBZ has just said that it will launch the market-based foreign currency auction trading system on the 23rd of June, this month. That means the 22nd of … Continue reading RBZ to end USD/ZWL fixed exchange rate on 22 June