It is, however, failing to close the gap with the black market now said to be between $250 and $280 to the greenback.
But, with the crucial by-elections, which most people said were a litmus test for the ruling party and the renamed Citizens Coalition for Change, over, the government can now concentrate on stabilising the local currency ahead of next year’s elections.
Inflation has been on the increase since the beginning of the year when it stood at 60.6% but is now at 72.7%. Month-on-month inflation, however, dropped from 7% in February to 6.3% in March.
A total of US$37.6 million was allotted to more than 1 400 entities today with US$6.5 million going to 1 080 bidders in the small and medium enterprises sector and US$31.1 million to 399 large firms.
(81 VIEWS)
This post was last modified on %s = human-readable time difference 9:34 pm
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
