(Last Updated on November 9, 2022 by ZIMDAILY EDITOR)
HARARE – The value of the Zimbabwe dollar fell slightly against the US dollar at the foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ) today, 08 November 2022. The weighted average rate has moved to US$1: ZWL$636.2104.
Last week, the foreign exchange weighted average rate was US$1: ZWL$634.2539.
In its latest update, the central bank said a total of US$11,895,147.24, was allotted this week, up from US$11,496,730.86 that was allotted to various sectors at last week’s auction.
The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.
The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX111/2022) was US$1,080,615.32 down from US$1,121,380.58 allotted last week.
The total amount allotted on the Main Forex Auction (MAIN FX117/2022) was US$10,814,531.92 up from US$10,375,350.28 allotted last week.