FOREX AUCTION: Zim Dollar Official Rate 29 September 2020

The Zimbabwe Dollar this week marginally gained and closed the official forex auction stronger as it traded a few cents lower than last week’s official rate of ZWL$81.49 per $1.

According to this week’s auction, the Zimbabwe dollar will trade at ZWL$81.4439 per US$1.

This was contained in the communique from the RBZ about the bank’s auction results after today’s auction.

129 Bids were received for SMEs while 233 bids were received for the main auction.

All the US$1 441 116 and the US$23 067 310, in that order, that had been allotted for SMEs and the main aution were accepted.

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