Zimbabwe dollar down to $138.20 to the US dollar


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The Zimbabwe dollar today fell by $4.12 against the United States dollar to average $138.1979 down from $134.0820 last week.

It has declined by $14 so far this month and by $30 since the beginning of the year.

It is trading at around $250 to the greenback on the black market.

More than 1 300 bids were allotted US$36.8 million at today’s auction with 977 bids from the small and medium enterprise sector getting US$6.6 million. The balance went to 399 large firms.

The lowest offer was $131 and the highest $150.

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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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