Zimbabwe dollar falls by $2.60 against US dollar


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The Zimbabwe dollar today fell by only $2.60 against the United States dollar days after the central bank and business agreed on a raft of measures to promote price stability in the economy.

The local currency averaged $115.4223 against last week’s $112.8228 with the lowest offer being $106 and the highest $130.

A total of 697 bids by small and medium enterprises and 422 by large firms were approved and allotted a total of US$38.8 million with US$6.2 million going to SMEs and US$32.6 to large firms.

A total of 324 bids were disqualified.

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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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