Zimbabwe dollar eases by two cents against the US dollar


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The Zimbabwe dollar today eased by two cents against the United States dollar to average 105.6896 against last week’s 105.6684 when it appreciated against the greenback for the first time this year.

A total of 980 bids were approved today and were allotted US$39.1 million with US$32.7 million going to large companies and the balance to small businesses.

Offers ranged from $100 to $125.

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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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