{"id":98804,"date":"2024-09-20T12:01:01","date_gmt":"2024-09-20T10:01:01","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig"},"modified":"2024-09-20T14:03:14","modified_gmt":"2024-09-20T12:03:14","slug":"rbz-pumps-us64m-to-shore-up-zig","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig","title":{"rendered":"RBZ pumps US$64m to shore up ZiG"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet growing demand for the greenback amid rising premiums on the alternative market.<\/p>\n

The injection, the second in barely two months after the central bank in July pumped US$50 million into the market to clear the pipeline demand for foreign currency, comes on the back of a sharp depreciation of the local currency, Zimbabwe Gold (ZWG, formerly ZiG), amid indications it has lost more than half of its value within two months, fuelling a sharp increase in prices of goods and services.<\/p>\n

The US dollar is trading at ZWG13,9711 on the interbank market and between ZWG26 and ZWG33 on the parallel market.<\/p>\n

In a statement yesterday, RBZ governor John Mushayavanhu said the injection came on the back of a build-up in pipeline demand for foreign currency at banks, reflecting transitory foreign currency supply and demand mismatches which had exerted undue pressure on the foreign exchange market.<\/p>\n

\u201cPursuant to smoothening the supply\/demand mismatches in August\/September 2024, the Reserve Bank has during the first two weeks of September 2024, injected US$24 million into the interbank foreign exchange market,\u201d he said.<\/p>\n

\u201cFurthermore, guided by the obtaining pipeline demand at banks as at September 18, 2024, the Reserve Bank has, as of today [September 19] sold into the interbank market an additional US$40 million. This has resulted in a cumulative foreign currency injection totalling US$64 million for the month of September 2024 alone.\u201d<\/p>\n

Mushayavanhu said foreign currency receipts had increased by 13,4% from January to August 2024, compared to the same period in 2023.<\/p>\n

The increase in foreign currency receipts will ensure continued timely settlement of foreign payments from importers\u2019 foreign currency accounts and the central bank\u2019s weekly foreign currency injections, he said.<\/p>\n

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

Africa-Press – Zimbabwe. THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet growing demand for the greenback amid rising premiums on the alternative market. The injection, the second in barely two months after the central bank in July pumped US$50 million into the market […]<\/p>\n","protected":false},"author":84,"featured_media":98803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":{"0":"post-98804","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"},"yoast_head":"\nRBZ pumps US$64m to shore up ZiG - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...\" \/>\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\/rbz-pumps-us64m-to-shore-up-zig\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ pumps US$64m to shore up ZiG\" \/>\n<meta property=\"og:description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T10:01:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-20T12:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"622\" \/>\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\/rbz-pumps-us64m-to-shore-up-zig\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig\",\"name\":\"RBZ pumps US$64m to shore up ZiG - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg\",\"datePublished\":\"2024-09-20T10:01:01+00:00\",\"dateModified\":\"2024-09-20T12:03:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg\",\"width\":800,\"height\":622,\"caption\":\"RBZ pumps US$64m to shore up ZiG\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBZ pumps US$64m to shore up ZiG\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBZ pumps US$64m to shore up ZiG - zimbabwe","description":"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig","og_locale":"en_US","og_type":"article","og_title":"RBZ pumps US$64m to shore up ZiG","og_description":"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig","og_site_name":"zimbabwe","article_published_time":"2024-09-20T10:01:01+00:00","article_modified_time":"2024-09-20T12:03:14+00:00","og_image":[{"width":800,"height":622,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig","name":"RBZ pumps US$64m to shore up ZiG - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg","datePublished":"2024-09-20T10:01:01+00:00","dateModified":"2024-09-20T12:03:14+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"THE Reserve Bank of Zimbabwe (RBZ) says it has injected US$64 million into the interbank foreign exchange market to meet ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1726821176.104776.jpg","width":800,"height":622,"caption":"RBZ pumps US$64m to shore up ZiG"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-pumps-us64m-to-shore-up-zig#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"RBZ pumps US$64m to shore up ZiG"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/98804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=98804"}],"version-history":[{"count":1,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/98804\/revisions"}],"predecessor-version":[{"id":98807,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/98804\/revisions\/98807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/98803"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=98804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=98804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=98804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}