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Zimbabwe dollar remains stable

The Zimbabwe dollar today remained stable against the United States dollar at today’s foreign currency auction averaging 83.3720 against last week’s 83.3725.

All bids accepted were allotted in full with a total of US$34.6 million being disbursed.

Offers narrowed with the lowest at $81 and the highest at $88 against last week’s $80 and $89, respectively.

The local currency could firm if the country has a good harvest.

Reports today said the Grain Marketing Board is expecting 3.1 million tonnes of maize, about 1.2 million more than the national requirement.

(111 VIEWS)

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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