The Old Mutual Implied Rate ('OMIR') is a broad unofficial proxy for the value
of the Zimbabwe Dollar to the US$ based on the relative values of shares on the London
and Zimbabwe Stock Exchanges.
|
Z$ to US$1.00 |
Thu 20 November 2008
* Until further notice the Zimbabwe Stock Exchange will have a single call-over. |
Current value: |
12,617,983,349,233,500 |
Previous value: |
439,481,070,796,885,000 |
Change: |
426,863,087,447,652,000 |
% change: |
97% |
52 week high: |
642,371,437,695,221,000 |
52 week low: |
0.000248 |
% change ytd |
-2.48 sextillion % |
% change yoy: |
-5.34 sextillion % |
|
Updating...
|
* August 1, 2008 - currency revalued : z$10 Billion = z$1
Old Mutual Plc is primarily listed on the London Stock Exchange. Dual listings
include The Johannesburg Stock Exchange (JSE), Malawi Stock Exchange (MSE), Namibian
Stock Exchange (NSX) and The Zimbabwe Stock Exchange (ZSE).
ZSE to switch to a single callover from 19 November 2008
The ZSE is to switch to a single callover from 19 November 2008 to counter allegations of
market manipulation by some brokers, ZSE chief executive Emmanuel Munyukwi said.
He said it had come to the attention of the exchange that some brokers had been buying
shares at first Callover and offloading them at a much higher price in the Final Callover.
"We took the decision at the ZSE Committee meeting yesterday, before we learnt of the
decision by the RBZ."
Munyukwi said he had also been informed that a large number of multi-quad,quin and sextillion
cheques had bounced. He added the ZSE would continue to monitor the situation and switch back to
two callovers should the situation normalise.