Zimbabwe dollar continues to fall against the US dollar


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The Zimbabwe dollar continued with its gradual slide against the United States dollar falling by nine cents to average $83.9827 today against last week’s $83.8891.

The Zimbabwe dollar has fallen by $2.19 since the beginning of the year.

A total of 503 bids valued at US$37.1 million were accepted and allotted in full while 104 bids were disqualified.

Offers remained within range with the lowest being $82 and the highest $87.

A total of US$353.5 million has so far been disbursed through the auction this year bringing the total since the auction started on 23 June last year to US$943.1 million.

 

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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.

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