Offers at today’s auction ranged from $3 500 to $4 100 almost matching black market rates which ranged from $2 400 for cash and $4 600 for swipe.
Demand for foreign currency continued to be high despite the fact that the central bank has reduced the amount on offer to US$5 million a week.
A total of 298 bids worth US$2.8 million were accepted from small businesses whoie 210 bids worth US$22.6 million were accepted but only 82 bids from small businesses were allotted US$829 418 while 38 bids from bigger firms got US$4.2 million.
(100 VIEWS)
This post was last modified on June 7, 2023 12:52 pm
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…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…