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*Zimbabwe Dollar Official Exchange Rate Now $4 868*

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The Zimbabwean Dollar has further lost its value this Wednesday, 07 June 2023, from ZWL$3 673.7718 to ZWL$4 868.5152 within 24 hours against the US Dollar at the Wholesale Foreign Exchange Auction announced by the Reserve Bank of Zimbabwe (RBZ).

On Tuesday, the Zimbabwe dollar fell by over $1 000 to average $3 673.7718 against the United States (US) dollar on the foreign currency auction held by the RBZ, down from US$1: ZWL$2 577.0564 on 30 May.

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Below are the RBZ Wholesale Foreign Exchange Auction Results for 07 June 2023:

> Wholesale Foreign Exchange Auction Results – 7 June 2023

> Number of Bids Received From Banks: 19

> Number of Bids Disqualified: 0

> Total Number of Bids Accepted: 19

> Total Number of Bids Allotted: 10

> Total Value of Bids Accepted Amount: USD12,993,000.00

> Allotted: USD11,180,000.00

> Highest Bid Rate Received: 5,020.0000 
Lowest Bid Rate Allotted : 4,500.0000

> Weighted Average Rate: 4,868.5152

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