A total of US$11.9 million was allotted to 184 businesses with US$1.1 million going to small businesses and US$10.8 million to 77 to large firms.
Offers ranged from $615 to $673 but the gap between the official and the black market rates widened from $700 to $820 to $800 to $860.
The local currency has stabilised since the introduction of tough monetary measures which included the introduction of gold coins and the hiking of interest rates.
The Reserve Bank of Zimbabwe is to introduce 4 500 lower denomination gold coins next week.
It has so far sold 11 475 ordinary gold coins mopping out $11.4 billion.
(100 VIEWS)
This post was last modified on November 8, 2022 6:58 pm
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
