{"id":28313,"date":"2020-09-29T22:02:17","date_gmt":"2020-09-29T20:02:17","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=28313"},"modified":"2020-09-29T22:02:17","modified_gmt":"2020-09-29T20:02:17","slug":"sanity-prevails-in-zimbabwes-exchange-rate-system","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/sanity-prevails-in-zimbabwes-exchange-rate-system","title":{"rendered":"Sanity prevails in Zimbabwe\u2019s exchange rate system"},"content":{"rendered":"<p>A fruitful month in the stability of the Zimbabwe dollar ended with the local currency trading at 81.44 to the United States according to this Tuesday\u2019s Reserve Bank of Zimbabwe-RBZ auction results.<\/p>\n<p>Pegged at 81.50 last week, the Zimbabwe dollar strengthened once again this week with this Tuesday\u2019s RBZ auction system leaving the local currency selling at 81.44 per every US dollar.<\/p>\n<p>The results complete a month characterised by currency stability.<\/p>\n<p>A total of 24 million United States dollars were allotted this Tuesday with all qualifying bids being satisfied, which speaks volumes of huge confidence around the country\u2019s monetary system.<\/p>\n<p>An economist, Mr Persistence Gwanyanya asserts that the exchange rate management system currently in place has managed to bring about the much-needed stability and will have a positive bearing on the overall economy in the medium to long term.<br \/>\n\u201cThe latest round of the forex auction system has indeed proved that it\u2019s now all systems go, the country is having enhanced stability on the exchange rate front and it is highly commendable moving forward.\u201d<\/p>\n<p>The masterstroke RBZ\u2019s dual foreign auction system has effectively dealt with exchange rate instability that was threatening to derail Zimbabwe\u2019s economic development.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fruitful month in the stability of the Zimbabwe dollar ended with the local currency trading at 81.44 to the United States according to this Tuesday\u2019s Reserve Bank of Zimbabwe-RBZ auction results. Pegged at 81.50 last week, the Zimbabwe dollar strengthened once again this week with this Tuesday\u2019s RBZ auction system leaving the local currency [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":11983,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1303],"class_list":{"0":"post-28313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-zimbabwe-stock-exchange"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sanity prevails in Zimbabwe\u2019s exchange rate system - zimbabwe<\/title>\n<meta name=\"description\" content=\"A fruitful month in the stability of the Zimbabwe dollar ended with the local currency trading at 81.44 to the\" \/>\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\/sanity-prevails-in-zimbabwes-exchange-rate-system\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sanity prevails in Zimbabwe\u2019s exchange rate system\" \/>\n<meta property=\"og:description\" content=\"A fruitful month in the stability of the Zimbabwe dollar ended with the local currency trading at 81.44 to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sanity-prevails-in-zimbabwes-exchange-rate-system\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-29T20:02:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/08\/Zimbabwe-Stock-Exchange.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sanity-prevails-in-zimbabwes-exchange-rate-system\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sanity-prevails-in-zimbabwes-exchange-rate-system\",\"name\":\"Sanity prevails in Zimbabwe\u2019s exchange rate system - 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