Offers at the auction ranged from $5 850 to $6 225 way below the black market and mobile money rate which is $9 600.
There have been increasing calls by the private sector to liberalise the exchange rate because the auction rate is way too low.
Prices are expected to rise again, sending ordinary Zimbabweans to the open market which charges its goods in United States dollars and is therefore cheaper than the chain supermarkets.
(254 VIEWS)
Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…
Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…
Zimbabwe has ordered providers of goods and services to use the official exchange rate or…
Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
