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.

(185 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

Is it true that 4 million Zimbabweans went without food on several occasions last year?

At least four million people in Zimbabwe reported that they had gone without food on…

November 5, 2026

Did you know that four of the world’s largest banks are all in China?

Four of the world’s largest banks are all in China. Assets of the Industrial and…

October 15, 2026

Zimbabwe one of the 27 countries in the world where the richest 0.1% has more wealth than the bottom 80%

Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…

October 2, 2026

Zimbabwe third among the least free countries in SADC

Zimbabwe has been ranked third among the least free countries in Southern Africa but it…

May 24, 2026

Why I had a girlfriend two months after my wife’s death- Take 1

I had always considered it a curse for a wife to die before her husband.…

May 18, 2026

Why I had a girlfriend two months after my wife’s death

This is a true story about the challenges and loneliness I faced when my wife…

May 17, 2026