{"id":76943,"date":"2023-04-19T22:30:08","date_gmt":"2023-04-19T20:30:08","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-crosses-1-000-mark"},"modified":"2023-04-20T01:48:12","modified_gmt":"2023-04-19T23:48:12","slug":"zimbabwe-dollar-official-rate-crosses-1-000-mark","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-crosses-1-000-mark","title":{"rendered":"Zimbabwe Dollar Official Rate Crosses $1 000 Mark"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Zimbabwe dollar has for the first time breached the 1 000 mark against US$1.00 on the Reserve Bank of Zimbabwe (RBZ) <\/b>foreign currency auction.<\/p>\n

This Wednesday, 19 April 2023, the weighted average moved to US$1: ZWL$1 000.0227<\/b>, from US$1: ZWL$959.3111<\/b> which was set on 11 April 2023.<\/p>\n

The RBZ said the highest rate received was 1 125.0000<\/b>, while the lowest bid rate allotted was 978 000<\/b>.<\/p>\n

The central bank also said a total of US$18,905,097.94 <\/b>was allotted today down from US$20,568,055.34<\/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$1,731,764.97<\/b> down from US$US$2,241,706.95<\/b>.<\/p>\n

The total amount allotted on the Main Forex Auction<\/b> was US$17,173,332.97<\/b> down from US$18,326,348.39<\/b>.<\/p>\n

\u2666 Weighted Average Rate moved to 1 000.0227 from 959.3111.<\/b><\/p>\n

Raw Materials……………………………………(SME) US$616,821.49 (MA)US$9,101,791.90<\/b><\/p>\n

Machinery and Equipment………………………..(SME)US$537,029.59<\/b> … (MA)US$3,439,887.52<\/b><\/p>\n

Consumables (Incl. Spares, Tyres, Electricals, etc)…(SME) US$213,005.13<\/b> … (MA) US$1,077,195.49<\/b><\/p>\n

Services (Loans, Education, Dividends, Disinvestments…) (SME) US$115,342.95<\/b> … (MA) US$1,033,601.13<\/b><\/p>\n

Retail and Distribution (Incl. Food, Beverages, etc)…(SME) US$168,605.61<\/b> … (MA) US$1,183,168.54<\/b><\/p>\n

Lubricants ………………………………………………. (SME<\/b>) US$50,000.00<\/p>\n

Pharmaceuticals and Chemicals ………………. (SME)<\/b> US$54,055.63 … (MA) <\/b>US$517,726.37<\/p>\n

Paper and Packaging …………………………… (SME) <\/b>US$26,904.57 …. (MA) <\/b>US$769,962.02<\/p>\n

TOTAL<\/b> Amount allotted for the SMEFX124\/2023 ………..US$1,731,764.97<\/b>
\nTOTAL<\/b> Amount allotted for the MAIN FX130\/2023<\/b> ………US$17,173,332.97<\/b>
\nGRAND TOTAL AWARDED ………………………… US$18,905,097.94<\/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 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 […]<\/p>\n","protected":false},"author":84,"featured_media":76942,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,13600,1944,187,1546,14115,14114,653,13601,19],"class_list":{"0":"post-76943","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-auction-results","12":"tag-exchange-rates","13":"tag-forex","14":"tag-forex-auction","15":"tag-forex-auction-allotments","16":"tag-forex-auction-results","17":"tag-rbz","18":"tag-rbz-forex","19":"tag-zimbabwe"},"yoast_head":"\nZimbabwe Dollar Official Rate Crosses $1 000 Mark - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe dollar has for the first time breached the 1 000 mark against US$1.00 on the Reserve Bank of Zimbabwe (R ...\" \/>\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-crosses-1-000-mark\" \/>\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 Crosses $1 000 Mark\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe dollar has for the first time breached the 1 000 mark against US$1.00 on the Reserve Bank of Zimbabwe (R ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-crosses-1-000-mark\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T20:30:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T23:48:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/04\/postQueueImg_1681927216.01.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=\"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\/zimbabwe-dollar-official-rate-crosses-1-000-mark\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-dollar-official-rate-crosses-1-000-mark\",\"name\":\"Zimbabwe Dollar Official Rate Crosses $1 000 Mark - 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