It averaged $81.8151 against last week’s $81.7102.
Only 36 bids were disqualified at the two auctions with 166 in the SME auction and 268 in the main auction qualifying.
US$2.3 million was allotted at the SME auction and US$30.6 million at the main auction.
The gap between the highest and lowest offers, however, narrowed to $88.33 from $90 last week but the lowest offer remained static at $80.
A total of US$499.8 million has been disbursed since the auction started on 23 June.
Finance Minister Mthuli Ncube is expected to set the tone for 2021 when he presents his budget on Thursday but he has been upbeat about the stability the foreign currency auction has brought to the market.
The Optional Market Implied Rate today stood at $105.24 down from $99.68 a week ago.
(64 VIEWS)
This post was last modified on November 24, 2020 3:44 pm
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…