Zimbabwe dollar eases by $1.64 against the US dollar


The Zimbabwe dollar today eased by $1.64 against the United States dollar to average $120.5174 against last week’s $118.8748.

A total of 1 264 bids were allotted US$37.2 million at today’s foreign currency auction with 844 bids from the Small and Medium Enterprises sector getting US$7.6 million and 420 from large firms being allotted US$29.6 million.

The lowest offer was $115 and the highest $135. The lowest bid allotted for SMEs was $115 and for large companies $119.

The Zimbabwe dollar is currently going for $200 to US$1 on the open market.


Don't be shellfish... Please SHAREShare on google
Share on twitter
Share on facebook
Share on linkedin
Share on email
Share on print

Like it? Share with your friends!

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.

One Comment

Your email address will not be published. Required fields are marked *