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Zimbabwe Dollar Official Rate Crosses $1 000 Mark

1 year agoWed, 19 Apr 2023 16:36:18 GMT
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Zimbabwe Dollar Official Rate Crosses $1 000 Mark

The Zimbabwe dollar has for the first time breached the 1 000 mark against US$1.00  on the Reserve Bank of Zimbabwe (RBZ) foreign currency auction.

This Wednesday, 19 April 2023, the weighted average moved to US$1: ZWL$1 000.0227, from US$1: ZWL$959.3111 which was set on 11 April 2023.

The RBZ said the highest rate received was 1 125.0000, while the lowest bid rate allotted was 978 000.

The central bank also said a total of US$18,905,097.94 was allotted today down from US$20,568,055.34, which was allotted last week.

The bulk of the allotment went to raw materials followed by machinery and equipment.

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The total amount allotted for the Small to Medium Enterprises Forex Auction was US$1,731,764.97 down from US$US$2,241,706.95.

The total amount allotted on the Main Forex Auction was US$17,173,332.97 down from US$18,326,348.39.

♦ Weighted Average Rate moved to 1 000.0227 from 959.3111.

How the money was allocated:

Raw Materials……………………………………(SME) US$616,821.49 (MA)US$9,101,791.90

Machinery and Equipment……………………..…(SME)US$537,029.59  … (MA)US$3,439,887.52

Consumables (Incl. Spares, Tyres, Electricals, etc)…(SME) US$213,005.13 … (MA) US$1,077,195.49

Services (Loans, Education, Dividends, Disinvestments…) (SME) US$115,342.95  … (MA) US$1,033,601.13

Retail and Distribution (Incl. Food, Beverages, etc)…(SME) US$168,605.61 … (MA) US$1,183,168.54

Lubricants ………………………………………………. (SME) US$50,000.00

Pharmaceuticals and Chemicals …………….… (SME) US$54,055.63  … (MA) US$517,726.37

Paper and Packaging …………………………… (SME) US$26,904.57 …. (MA) US$769,962.02

TOTAL Amount allotted for the SMEFX124/2023 ………..US$1,731,764.97

TOTAL Amount allotted for the MAIN FX130/2023 ………US$17,173,332.97

GRAND TOTAL AWARDED ………………………… US$18,905,097.94

Notes

1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.

2. Some Bids were allotted on a pro-rata basis.

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40 Comments

kazekage · 1 year ago
nonsense $1 RTGS1000 motodada nazvo izvozvo ,you're full of **** .wakaona panozni $100 =RTGS1000 zvinongo ratidza poor management haaa Zanu pf yaora #Chamisa pfee
kazekage · 1 year ago
*$1
Anonymous · 1 year ago
Biti once said that, before June the rate wl be above $zw 1000 and you said it's a political statement (•‿•) see now
Anonymous · 1 year ago
Ko 'Gold coin' rakazoenda kupiko rainzi it will stabilise our currency? Haa Panonetsa zvinenge zvamunetsawo izvi
New leaders#CCC · 1 year ago
Ungaise Panonetsa kumari woti Dambudzo otungamira nyika yose ...Now zvinhu zvinode mari zvakungonetsa uye nyika izere madambudziko hobho...
1
Anonymous · 1 year ago
Mukomana akapinda panoitika violence saka ngaagare hake kunze kwe state house hatidi zvekuzoitiswa toitoi nehusiku.
laugh emoji1
Anonymous · 1 year ago
🖕🏽
God Knows · 1 year ago
@ Ziggy, It is now free of ambiguity that the Zimbabwean dollar is losing its value, but you are saying the opposite! For the past 5 years this country under the current leadership failed to improve the livig conditions of the populace. A civil servant, a soildier, nurse, teacher, lecturer, prison officer etc, cannot afford to buy a loaf of bread on a daily basis. I find no any other reason why this government can be given another 5 year term. What for? Ngaapinde hake Mukomana
chabvongdza · 1 year ago
iro bond ranetsa shuwa
Curse · 1 year ago
Mbuya nehanda is a curse upon this land ... vanhu ngavanamate vasasanganise rima nechiedza hazvipindirane ...Mkomana ngaapinde hake
1
· 1 year ago
vangaisa chimbuya chaiva nedzungu pamari nofunga ingatenga Mari iyoyo
dddd · 1 year ago
inter3 benfica3 aggr5 - 3 in favour of inter
Anonymous · 1 year ago
Benfica vs Inter Milan results? Bayern 1 City 1(1-4) aggrecate Anonymous · Benfica vs Inter Milan results? Bayern 1 City 1(1-4) aggrecate
dj · 1 year ago
ibotso
Ratti Capone · 1 year ago
The strongest currency yazowora manje
Mangudya · 1 year ago
Chero rand riri kungodonha wani
Anonymous · 1 year ago
Brace for the slashing of zero’ ,viva dè-já-vû history repeating itself
Anonymous · 1 year ago
2500 chaora ichi there is failure in zanu pf
DessaMai · 1 year ago
Boo
Ba Dee · 1 year ago
Vote for Chamisa
Ziggy · 1 year ago
Briliant !!!! The National Developmental Strategy 1 is working as planned now look Zimbabwean bond is more valueble ,its on top the US dollars , thank you mr president,VOTE4ED pe batriotick ..more value , more powerful, God bless thanks , you're welcome
sad emoji2
sibs · 1 year ago
A better fool speaks like that coz to a fool like you all things are normal ....... we are working so hard and nothing comes out so you think we enjoy this
Ziggy · 1 year ago
Of course you love suffering
1
Anonymous · 1 year ago
Ndapera strong 💪
Anonymous · 1 year ago
@Ziggy this is not mass its currency
@Ziggy · 1 year ago
🖕🏽
sgry · 1 year ago
hanziiko apo kkk wise vote ,, musarashe vote
𝗦𝗼𝗿𝗼𝗷𝗲𝗻𝗮 · 1 year ago
𝗭𝘃𝗮𝗻𝘇𝗶 𝗻𝘆𝗶𝗸𝗮 𝗶𝗻𝗼𝘃𝗮𝗸𝘄𝗮 𝗻𝗲𝘃𝗲𝗻𝗲 𝘃𝗮𝘆𝗼?....𝗰𝗵𝗶𝗶 𝗰𝗵𝗮𝘂𝗻𝗼𝘃𝗮𝗸𝗮 𝗻𝗲𝗺𝗮 𝗿𝘁𝗴𝘀/𝗯𝗼𝗻𝗱/𝗱𝗼𝗹𝗹𝗮𝗿. 𝗠𝘂𝗸𝗼𝗺𝗮𝗻𝗮 𝗻𝗴𝗮𝗮𝗽𝗶𝗻𝗱𝗲❎✍️
Zelensky · 1 year ago
If this rate was an actual rate on the ground, but this is on paper, go to shops it's $1=$1700 _ $2000
Jim Munkuli · 1 year ago
mismanagement 💲1=1000 ,vote for Chamisa CCC ❎ tombowona the young man
Anonymous · 1 year ago
And we hear that zvinhu zvirikugadziriswa. When from the onset tge zimdollar is on a downward spiral. Zvakaoma zvenyika ino
Junior4ANC · 1 year ago
Fellow Zimbabweans please not that as we are fast approaching the elections here in Zimbabwe .The political will try by all means to deceive citizen with their fake promises ..some they are believable but not true ...If you can go back in time -recall what 2018 was like then you will know that all these acts is just a campaign motive .For the past 42 years we have never Celebrated Independence without electricity but to my surprise we are in darkness ...Those who have eyes and ears ..SEE & HEAR The calling of change in our beloved Hard won Country .By Casting your vote to President elect Advocate Nelson Chamisa WeCCC ....2023 Takanonanganisa muOffice......Vote President elect Advocate Nelson Chamisa...Vote Wisely Zimbabwe 👍
1
pk · 1 year ago
wakurwarawo iwe.
Me · 1 year ago
@pk arikunyepa here?
Simon Chopper Chimbetu · 1 year ago
"... One way...." (for the Zimtoilet paper aka Bond/RTGS/ZW$L or whatever you want to call it)

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