Zimbabwe dollar now down to $646.24 to the US dollar


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The Zimbabwe dollar today fell by $7.14 to average $646.2415 to the United States dollar.

This was one of the biggest drops in recent weeks as the local currency was falling by $2 or $3 at each auction.

Offers ranged from $635 to $673, still way below the $800 to $900 on the black market.

A total of US$11.2 million was allotted today to 178 businesses.

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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.

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