{"id":7546,"date":"2020-07-09T12:00:35","date_gmt":"2020-07-09T12:00:35","guid":{"rendered":"https:\/\/wez.co.zw\/projects\/fml\/?p=7546"},"modified":"2020-07-28T23:18:04","modified_gmt":"2020-07-28T23:18:04","slug":"weekly-economic-and-financial-market-review","status":"publish","type":"post","link":"https:\/\/263host.co.zw\/projects\/firstmutual\/weekly-economic-and-financial-market-review\/","title":{"rendered":"Weekly Economic And Financial Market Review"},"content":{"rendered":"<p><strong>Introduction of a Foreign Exchange Auction Trading System<\/strong><\/p>\n<p>&#8211; The RBZ released a press statement concerning the establishment of the Foreign Exchange Auction Trading System to be operational with effect from 23 June 2020.<\/p>\n<p><strong>Bidding Timelines<\/strong><\/p>\n<p>&#8211; The Auction will be conducted once every week on Tuesdays. Where the Auction date falls on a public holiday, the Auction will be conducted on the next business day which is not a public holiday. Auction results will be released and published by 1639hrs on the Auction day.<\/p>\n<p><strong>Settlement<\/strong><\/p>\n<p>&#8211; Payment for winning bids will be made through the Zimbabwe Electronic Transfer and Settlement System (ZETS) on a T+1 basis. The RBZ will transfer the forex to the Nostro account of the winning bidders\u2019 Authorised Dealer, after receiving the ZWL$ equivalent. Settlement of funds transferred to the Nostro account will be on a T+2 basis.<\/p>\n<p><strong>Forex Auction Results for the week ending 26 June 2020:<\/strong><\/p>\n<p>-The weighted average of ZWL$57.36 for every US dollar, was the official exchange rate for the week. US$10.34m was traded on Monday with the highest bid coming in at ZWL$100 while the lowest bid came in at ZWL$25.50&#8230;<a href=\"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-content\/uploads\/2020\/07\/FMWM-WEEKLY-ECONOMIC-AND-FINANCIAL-REVIEW-FOR-THE-WEEK-ENDING-26-JUNE-2020.-.pdf\" class=\"mtli_attachment mtli_pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Read More<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction of a Foreign Exchange Auction Trading System &#8211; The RBZ released a press statement concerning the establishment of the Foreign Exchange Auction Trading System to be operational with effect from 23 June 2020. Bidding Timelines &#8211; The Auction will be conducted once every week on Tuesdays. Where the Auction date falls on a public [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[492,105],"tags":[],"class_list":["post-7546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-first-mutual-holdings-limited","category-weekly"],"acf":[],"_links":{"self":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/7546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/comments?post=7546"}],"version-history":[{"count":3,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/7546\/revisions"}],"predecessor-version":[{"id":7550,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/7546\/revisions\/7550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/media\/7548"}],"wp:attachment":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/media?parent=7546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/categories?post=7546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/tags?post=7546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}