A total of US$10.6 million was allotted today to 164 entities including 61 large firms which got US$9.5 million.
Offers at the auction ranged from $608 to $661.
The rate offered by some of the large shops, which was around $691, could rise to $700 further eroding the usefulness of the black market rate.
But at the market, people are still changing the Zimbabwe dollar when buying goods at the rate of $800 to one.
(108 VIEWS)
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…