Categories: BusinessZim Latest

RBZ Auction Results: Zim dollar falls against US Dollar

The Zimbabwe dollar continued to shed value against the US Dollar as observed at today’s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ).

The foreign exchange weighted average rate has fallen to US$1: ZWL$338.4921 from US$1: ZWL$325.3314 announced by the RBZ last week. The black market exchange rate is nearly twice as much as the official rate.

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