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.
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This post was last modified on November 29, 2022 3:52 pm
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