Categories: Stories

Zimbabwe dollar eases by 12 cents to break a five-week rally against the US dollar

The Zimbabwe dollar today eased by 12 cents at average $4 517.1359 against the United States dollar, the first time in more than five weeks that it has lost against the greenback.

Offers narrowed by $80 with the highest offer remaining static at $4 580 and the lowest up at $4 500.

A total of US$14.2 million of the US$20 million that was on offer was taken up.

Zimbabwe is going for elections on 23 August, now less than four weeks away.

(154 VIEWS)

This post was last modified on July 27, 2023 2:23 pm

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.

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