Categories: Stories

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.

(71 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on October 27, 2020 2:54 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024