Is the Zimbabwe dollar finally finding its level?


-2

The Zimbabwe dollar today shed only $2.61 cents to average $915.1822 against the United States dollar which could be an indication that the local currency is finally finding its level.

Last week it dropped by $4.66.

The dollar kicked off at $705.42 when the auction re-opened on 10 January this year. It had dropped to $831.81 by 7 February and $907.92 by 7 March.

Offers at the auction today ranged from $915 to $1 010.

According to Zimpricecheck the blackmarket buy rate is $1 120 and the sell rate, $1 260.

(180 VIEWS)

Don't be shellfish... Please SHAREShare on google
Google
Share on twitter
Twitter
Share on facebook
Facebook
Share on linkedin
Linkedin
Share on email
Email
Share on print
Print

Like it? Share with your friends!

-2
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published. Required fields are marked *