Zimbabwe dollar eases by $2.12, now at $634.25 to the US dollar


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The Zimbabwe dollar today eased by $2.12 to average $634.2539 to the United States dollar. 

Black market prices remained unchanged, ranging from $700 to $820.

Offers at the auction ranged from $610 to $670.

A total US$11.5 million was allotted today to 176 bids.

Although the local currency continues to depreciate against the greenback, it has been stable for almost three months now, dropping from $458.3653 on 2 August.

It kicked off the year at $112.8228.

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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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