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Zimbabwe Dollar Official Rate Now $2 577.06 To The US Dollar

1 year agoWed, 31 May 2023 05:25:39 GMT
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Zimbabwe Dollar Official Rate Now $2 577.06 To The US Dollar

The Zimbabwe dollar on Tuesday fell by nearly $700 to average $2 577.0564 against the United States (US) dollar on the foreign currency auction held by the Reserve Bank of Zimbabwe (RBZ).

On 30 May 2023, the weighted average was US$1: ZWL$2,577.0564, from US$1: ZWL$1,888.0119 on 23 May.

The depreciation of the Zimbabwe dollar at the last two auctions shows that the central bank is gradually allowing the local currency to float.

Yesterday, the RBZ allotted a total of US$15,266,095.92 up from US$14,166,812.38, with the majority of the allotment going to raw materials, followed by machinery and equipment.

The amount allotted for the Small to Medium Enterprises Forex Auction was US$1,782,414.85 up from US$957,712.91.

Click here: Pindula WhatsApp Channel
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The Main Forex Auction was allotted US$13,483,681.07 up from US$13,209,099.47.

A total of 503 bids from small businesses and 344 for large firms were accepted.

However, only 174 bids from small businesses and 129 from large firms received allocations from the auction.

The auction will be disbursing less than US$5 million from next week.

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

Bids were allotted on a pure Dutch Auction system basis, in line with the Minister of Finance and Economic Development’s statement on refining the Auction System.

More: Pindula News

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39 Comments

Anonymous · 1 year ago
Ko nhai iwe Muthuli, zvino yenyu yamunoti official rate, zvayave 2577 per usd. You are still comfortable kuti ma businesses ari ku saboutager futi. Itai serious bambo Muthuli.
Greatworld · 1 year ago
Ko pama jobs apo... Pane advert ine logo re Chinhoyi University and address ye UZ what os happening.
Pindula · 1 year ago
@Greatworld thanks so much for noticing that error, we have corrected it.
Razaro · 1 year ago
Mapofu anonyepedzera kusaoona anosvinura chete gore rino, nhamo chiwororo ikanyatsokushanyira zvakanaka naka unomuka chete
CHAWABVUNZA · 1 year ago
Why does His Excellency Advocate President ED Mnangagwa not give Professor Mthuli Ncube marching orders back to Switzerland where his family is located ? [ CITIZENS MUST VOTE FOR CCC POLITICAL PARTY FOR REAL CHANGE/SHANDUKO ]. ZImbabwe Dollar is fast loosing value than was expected, from 1:1 888 to 1:2.557. This is too much. [ THE BUSH LAWYER4CCC ].
Admore Jaya · 1 year ago
Ibotso
.. . · 1 year ago
Professor of financial doom. 😢 😢 😢
tk · 1 year ago
mu ****
M.D.K · 1 year ago
kwatabva ndokure asi kunoendwa hapana
YAHH NEH · 1 year ago
YAHH NEH
Zindoga · 1 year ago
ini Zindoga ndakati handei musango kt zvinhu zvinake mkaramba
Madzibaba veShanduko · 1 year ago
enda wega
jah B · 1 year ago
ma 1 atangidza
doug · 1 year ago
The black market cannot keep running forever, the zimdollar will soon catch up with it, and those jailed for currency offences will be pardoned, and it will then be the reserve Bank making our dollar lose value faster than the black market.
Pipiro man · 1 year ago
Ibotso
Ziggy · 1 year ago
kunyepa . i properganda from the West izvi . tinozviziva izvi hazvisi zvinyowani . Zimdolar imari yakasimba zvisingaite .mari inodadisa kwete izvi zvatinotaurirwa ne Western kuti vaite kuti tirwe vauye kuzotora nyika yedu toita vapambwa zvekare nenhau yekuti Vanoziva kuti Zimbabwean ine hupfumi huzere kudarika hwavo . Zimbabwe irikunaka zuva nezuva . madhamu ari kuvakwa . zvikoro . migwagwa . hatingazvipedzi . votsi rangu riri pa Zanu pf bato ratonga Zimbabwe zvakakodzera kubvira 43 years . Chionai kunaka kweZimbabwe 🤩🤩 kutapira kwayoo VaMunangagwa vanotida zvikuru uyewo profesor Mutuli vanoshanda nesimba kuita kuti Zimbabwe inakisise saka musateerera West Properganda ndokusaka ini ndichida Heral . pindula i western properganda
Zuze · 1 year ago
Iwe hatisi kutaura kusimba kwehembe, hakusi kusimba wemapoto T-shirt aGarwe e crympline asingasakare. We are talking value. Haaaaa, sorry ndiri kutaura nematsi asinganzwe.
ini zvangu · 1 year ago
Ziggy ndiwe CIO ye CCC, he is there to destroy Zanu from within.
kazekage · 1 year ago
ummmn muface uyu anonzi Ziggy musoro wake hautore mushe anopenga muface uyu ummmn Ziggy
Anonymous · 1 year ago
Kwana
Paddington Ndangariro Mahlasera · 1 year ago
Maiweeee. Tichazovei
Pere · 1 year ago
H need how many 7 ton trucks to move the newly printed zim $ ?????? 🤣🤣🤣
Bread · 1 year ago
The real issue is how many bricks of Mbuya Nehandas does one carry to buy 1kg of T-bone steak?
SC · 1 year ago
faster than the black market mmmm ririkutiza
myself · 1 year ago
Kkkk pamberi neZanu chi gvt chakaora.
Malcolm X · 1 year ago
Chawora chunhu ichi.
Simon Chopper Chimbetu · 1 year ago
"One way, One way to Africa... One way currency 👇🏾👇🏾👇🏾👇🏾👇🏾"
Zupco 👨‍✈️👨‍✈️🚎🚎 · 1 year ago
yoooooooh wat a worrisome currency 💱
sad emoji1
Stepfather Manyama · 1 year ago
They're putting in place measures to stabilize 🐀. Vision 2030,rambai makashinga
Zuze · 1 year ago
Pekushinga pakapfuura kare kare, zvaakutoda kushingirira. Zvekushongirira zvacho zvarema futi, zvaakutoda kubvisa joki riri muhuro. Mwari dai vatinzwira ngoni, harahwa idzi dzichifa hadji.
........ , · 1 year ago
Yeah, they(Mof) are doing an excellent job of Stabilizing. 😂 😂
Zee · 1 year ago
Don't worry it's hitting 10000 per $ b4 elections .

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