Offers at today’s auction ranged from $1 351 to $1 600 but the premium on the black market is still too high.
More than a thousand bids were accepted but less than 400 were allotted with 188 small and medium businesses getting money out of 554 bids that had been accepted and 209 large companies being allotted funds out of 483 that had been accepted.
A total of US$14.4 million was allotted.
Measures introduced by the government last week to shore up the local currency seem to have had no impact yet, though gold-backed digital coins mopped out nearly $14 billion last week.
Results of the second lot will be released on Thursday.
(89 VIEWS)
This post was last modified on %s = human-readable time difference 7:00 pm
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…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
