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.
(100 VIEWS)
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…
Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…
