Zimbabwe dollar falls by 13 cents as auction allots US$46 million to 914 entities


0

The Zimbabwe today fell by 13 cents to average 85.6373 against last week’s 85.5099 as the foreign exchange auction allotted US$46 million to 914 entities.

Offers remained within the $82 to $90 range with 544 small and medium enterprises and 370 large companies qualifying.

The SMEs were allotted US$8.7 million and companies US$37.3 million, with a total of US$17.1 million going to raw materials and US$11.5 to machinery and equipment.

Latest figures from the Zimbabwe National Statistics Agency show that in May Zimbabwe imported goods valued at US$503.1 million. Machinery accounted for 15.5%, fuels 12.6%, cereals 5.7% and pharmaceuticals 3.7%.

Exports grew by 9.5% to US$486.8 million. Main exports were nickel mattes, ores and concentrates (38.6%) and semi-manufactured gold (16.1%).

(109 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
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.

0 Comments

Your email address will not be published. Required fields are marked *