Forex auction: Exchange rate continues to rise

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The exchange rate of the United States Dollar (USD) to the Zimbabwean Dollar(ZWL) has risen to 1 : 72.1470. This comes after the latest forex auction conducted today. Last week the exchange rate was 1 : 68.2 meaning that the rate has increased by a further 5.8% as compared to today.

A total of US$ 14,853,708.88 was allotted to different sectors of the economy such as raw materials, machinery and equipment, energy, and consumables among others. Raw materials alone amounted to US$ 7,417,479.47 whilst fuel, electricity, and gas racked away US$ 640,453.05.

Forex auction results as of 21 July 2020

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