Zimbabwe dollar falls marginally against US dollar but remains at $81.35

Zimbabwe dollar falls marginally against US dollar but remains at $81.35

The Zimbabwe dollar today fell marginally against the United States dollar but remained at $81.35.

It dropped from $81.3499 last week to $81.3531.

A total of US$27.9 million was disbursed today to 238 bids on the main auction and 128 on the Small and Medium Enterprises auction.

A whopping US$10.9 million went to raw materials while US$4.5 was allotted to machinery and equipment.

The highest offer on the SME auction was $86 and the lowest $79.90 but on the main auction the highest offer was $89 and the lowest $80.

The Zimbabwe dollar has been trading at $81.35 since the 6 October auction.

A totalof US$377 million has so far been disbursed since the auction started on 23 June.

The Old Mutual Implied Rate was at $122.16 today.

(72 VIEWS)

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *