The dollar dropped from $82.0833 last week to $82.6756 today.
Bids worth US$2.6 million were accepted under the Small and Medium Enterprises auction but only US$1.97 million was allotted and in the main auction US$26 million was allotted after bids worth US$37.1 million had been accepted.
The offers were within range with the highest offer being $87 and the lowest offer $80 but the lowest offer accepted was $82.
The shortage of US$11.7 million on the official market could fuel the black market.
Next week’s auction will tell.
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