Offers, however, remained within range with a total of 524 bids being accepted, 257 from the small business sector and 267 from the main.
A total of US$32.9 million was allotted today raising the amount so far disbursed through the auction to US$1.1 billion and that for this year alone to US$483 million.
There had been wide speculation that the local currency might appreciate against the greenback with the opening of the tobacco auction last week but people might be wanting to get more Zimbabwe dollars for their crop.
People buying foreign currency on the black market pay 48% more that at the auction which means there is room for arbitrage.
(129 VIEWS)
This post was last modified on April 13, 2021 3:18 pm
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
