Offers by the small and medium enterprises ranged from $5 200 to $7 000 while those by large firms were from $5 900 to $7 155.
A total of 294 bids from SMEs worth USD$7.8 million were accepted but only 101 were allotted US$2.9 million.
Only 17 bids worth USD$16.4 million from large firms were accepted but only one was excluded with 16 being allotted US$15.4 million.
The central bank has released the brakes on the fall of the local currency and it is fast catching up with the black market as the premium is now down to 30%.
The internationally acceptable premium should be around 10%.
(186 VIEWS)
Payments in Zimbabwe’s latest currency, the Zimbabwe Gold, now account for 40% of transactions, up…
Zimbabwe should de-dollarise otherwise its new currency the Zimbabwe Gold will go the way other…
Zimbabwe has come up with a de-dollarisation roadmap which will soon be presented by Finance…
Former Citizens Coalition for Change leader Nelson Chamisa says it is not easy to lead…
The Zimbabwe Gold (ZiG) has brought some stability into the market enabling some smoothness for…
Zimbabwe Finance Minister Mthuli Ncube presented his mid-year budget review on Thursday which, among other…