Some economists have predicted that the local currency could end the year at $3 200 but officials say it will drop to $1 500 at most.
Speculation continues to play havoc with the local currency as the reserve bank says the country has enough foreign currency with nostro account balances of over US$2 billion.
A total of US$19.2 million was allotted today with the bulk, US$16.9 million going to large companies.
Offers at the auction ranged from $830 to $890 while those on the black market ranged from $1 000 to0 $1 300.
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