Categories: Stories

Zimbabwe dollar eases to $416.29 to the US dollar

The Zimbabwe dollar today eased to $416.2890 to the United States dollar, the first day after the government introduced gold coins to shore up the local currency.

Although the central bank said it would announce the price of the gold coin every day at 8 am, The Insider could not establish what the price was today. It kicked off at US$1 823.80 yesterday.

A total of US$24.1 million was allotted to 620 small and medium enterprises and 221 large firms with US$4.3 going to the small enterprises.

The lowest offer today was $398 and the highest $500.

The local currency is trading at$429.3095 on the interbank market and $600 to the greenback for cash on the black market, $750 for mobile money and $950 for swipe.

(157 VIEWS)

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.

Recent Posts

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024