Zim-dollar loses grip against USD at forex auction
Zim-dollar loses grip against USD at forex auction
2 weeks ago
heraldonline.co.zw
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Date: 21/02/2026 NBE just auctioned off another 500 million USD via a special FCY auction, that’s in addition to the 70 million on Feb 3 and Feb 17, making the total forex supply introduced into the offical market in less than a month over 1.14 Billion Dollars. And this time, the auction was undersubscribed by 44.71 million USD and the weighted average fell by 1.2% (1 birr and 87 cents) compared to the last biweekly auction 4 days ago. This indicates that the demand of the banks has been fully m
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27/01/2026 Forex Auction results are out and Birr appreciated by 10 cents Banks dropped the Bag 🤦🏾‍♂️🤦🏾‍♂️💵🏦📈 I think this is a missed opportunity at weakening the black market. If the banks had submitted a higher rate, it would have led to a surge in supply via both exports and remittances, and rerouted forex demand from the black market to the official market (if banks they lowered their associated fees to cushen some of the real rate that exporters get), which would have starved the bl
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