The black market rates remained steady at $800 to $900 while offers at the auction ranged from $645 to $678.
A total of US$15.3 million was allotted to 233 companies today with the bulk of US$13.9 million going to 96 large firms.
Inflation slowed to 255% in November, still the highest in the world, but month-on-month inflation was down to 1.8%, the lowest since May last year.
Monthly inflation peaked at 30.7% in June but has been on the decline since the government introduced tight monetary measures which included hiking interest rates to 200%.
Businesses complain that while inflation is declining, consumer spending has declined.
(86 VIEWS)
This post was last modified on November 29, 2022 3:52 pm
The answer is Yes and No. It depends on the size of the farm. Mines…
Zimbabwe has the best performing economy in the Southern African region this year beating regional…
The ZANU-PF national conference that was being held in Mutare has raised the tempo on…
Zimbabwe’s local currency the Zimbabwe Gold (ZiG) has become relatively extinct and largely irrelevant because…
Sleep is a vital restorative process with measurable effects on health and overall wellbeing but…
Zimbabwe has been ranked 129 out of the 139 most innovative countries in 2025, according…
