A total of US$18.3 million was allotted today but bids that qualified required US$26.3 million. Some 111 bids from the small and medium businesses and 52 bids from large firms were not allotted.
Offers ranged from $800 to $860 closing the gap with the black market rates which range from $900 to $1100.
The Reserve Bank of Zimbabwe has said it will liberalise the exchange rate this quarter.
(198 VIEWS)
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…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
