Zimbabwe dollar eases to $150.22 to the US dollar


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The Zimbabwe dollar today shed $4.34 to average $150.2157 against last week’s $145.8721.

A total of US$32 million was today allotted to 1 379 businesses with US$3.7 million going to 989 small businesses and US$28.3 million to 389 large companies.

Offers ranged from $135 to $160 while the black market ranged from $260 to $320.

Commercial banks are now allowed to sell foreign currency at market prices but are limited to US$1 000.

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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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