It was trading at $333.4552 on the interbank market.
A total of US$24.5 million was allotted at today’s auction with US$21.1 million going to large firms.
Offers ranged from $320 to $365.
Some economists predicted that the local currency will collapse this month while one said it will clock $1 000 to greenback by the end of this month.
The government says it has introduced measures to shore up the local currency and has fined 12 of the country’s 16 banks for indiscipline but the downward trend continues.
(150 VIEWS)
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…