{"id":74734,"date":"2023-02-28T20:40:11","date_gmt":"2023-02-28T18:40:11","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-as-of-28-february-2023"},"modified":"2023-02-28T22:57:09","modified_gmt":"2023-02-28T20:57:09","slug":"zimbabwe-dollar-official-rate-as-of-28-february-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-as-of-28-february-2023","title":{"rendered":"Zimbabwe Dollar Official Rate As Of 28 February 2023"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Zimbabwe dollar has continued to lose value against the US dollar, data released by the Reserve Bank of Zimbabwe (RBZ)<\/b> this Tuesday show.<\/p>\n

On 28 February 2023, the weighted average at the foreign currency auction moved to US$1: ZWL$892.6349<\/b>, fromUS$1: ZWL$881.7513<\/b> that was set on 22 February 2023.<\/p>\n

The central bank said a total of US$17,562,464.59 <\/b>was allotted today down from US$19,632,591,61<\/b>, which was allotted last week.<\/p>\n

The bulk of the allotment went to raw materials followed by machinery and equipment.<\/p>\n

The total amount allotted for the Small to Medium Enterprises Forex Auction <\/b>was US$2,165,675.36 up from US$1,814,191.43<\/b>.<\/p>\n

The total amount allotted on the Main Forex Auction<\/b> was US$15,396,789.59 down<\/b> from US$17,818,400.18<\/b>.<\/p>\n

\u2666 Weighted Average Rate 856.8403 from 831.8147.<\/b><\/p>\n

Raw Materials……………………………………(SME) US$652,589.50 (MA)<\/b> US$7,856,434.10<\/b><\/p>\n

Machinery and Equipment………………………..(SME) <\/b>US$525,704.45 … (MA)<\/b>US$2,891,433.86<\/p>\n

Consumables (Incl. Spares, Tyres, Electricals, etc)…(SME) <\/b>US$339,961.23 … (MA)<\/b>US$1,264,055.69<\/p>\n

Services (Loans, Education, Dividends, Disinvestments…) (SME)<\/b>US$197,421.92 … (MA) <\/b>US$1,333,618.55<\/p>\n

Retail and Distribution (Incl. Food, Beverages, etc)…(SME)<\/b>US$251,868.14… (MA)<\/b>US$991,023.07<\/p>\n

Electricity ………………………………………………. (SME) US$9,860.16<\/p>\n

Pharmaceuticals and Chemicals ………………. (SME)<\/b>US$85,531.27 … (MA)<\/b>US$353,928.77<\/p>\n

Paper and Packaging …………………………… (SME)<\/b>US$102,738.69 ….(MA)<\/b>US$706,295.19<\/p>\n

TOTAL<\/b> Amount allotted for the SMEFX124\/2023 ………..US$2,165,675.36<\/b>
\nTOTAL<\/b> Amount allotted for the MAIN FX130\/2023<\/b> ………US$15,396,789.59<\/b>
\nGRAND TOTAL AWARDED ………………………… US$17,562,464.59<\/b><\/p>\n

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

2. Some Bids were allotted on a pro-rata basis.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Zimbabwe dollar has continued to lose value against the US dollar, data released by the Reserve Bank of Zimbabwe (RBZ) this Tuesday show. On 28 February 2023, the weighted average at the foreign currency auction moved to US$1: ZWL$892.6349, fromUS$1: ZWL$881.7513 that was set on 22 February 2023. The central bank […]<\/p>\n","protected":false},"author":84,"featured_media":74733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,1944,187,1546,14115,14114,653,10023,19],"class_list":{"0":"post-74734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-exchange-rates","12":"tag-forex","13":"tag-forex-auction","14":"tag-forex-auction-allotments","15":"tag-forex-auction-results","16":"tag-rbz","17":"tag-rbz-forex-auction-results","18":"tag-zimbabwe"},"yoast_head":"\nZimbabwe Dollar Official Rate As Of 28 February 2023 - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe dollar has continued to lose value against the US dollar, data released by the Reserve Bank of Zimbabwe ...\" \/>\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\/zimbabwe-dollar-official-rate-as-of-28-february-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe Dollar Official Rate As Of 28 February 2023\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe dollar has continued to lose value against the US dollar, data released by the Reserve Bank of Zimbabwe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-as-of-28-february-2023\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T18:40:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T20:57:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1677604274.06.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\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=\"2 minutes\" \/>\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\/zimbabwe-dollar-official-rate-as-of-28-february-2023\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-as-of-28-february-2023\",\"name\":\"Zimbabwe Dollar Official Rate As Of 28 February 2023 - 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