The average rate was $65.88 down from $63.74 last week and $57.36 at the first auction.
The lowest rate offered was $30 and the highest $90 but the lowest rate accepted was $55.
The highest rate offered continues to decline from $100 in the first auction, to $92 in the second and $90 today.
The lowest rate of $55 that was accepted should set the trend for future bids.
According to the Reserve Bank of Zimbabwe 264 bids were accepted and 92 rejected.
A total of US$13.6 million was allotted, down fromU$16.3 million last week but total bids for this week were only U$15.9 million while those for last week were almost US$19 million.
Manufacturing got the highest amount of US$5.6 million followed by retail and distribution which got US$1.9 million.
(169 VIEWS)
This post was last modified on July 7, 2020 4:51 pm
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…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…