Zimbabwe: RBZ Foreign Exchange Rate Increases to 1 - 80

The Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system Thursday trading saw the official rate increase to 1:80 against the United States dollar from a previous figure of 1:75.

The foreign currency auction system has been divided into two segments, the main segment bringing together formal corporate companies and the Small to Medium Enterprises (SMEs) segment where small businesses trade.

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