It, however, remained unchanged on the black market where it ranges from $460 for cash, $580 for mobile money to $670 for swipe.
It was pegged at $365.2381 at the interbank rate.
A total of US$25.2 million was allotted today with US$4.4 million going to small enterprises.
Offers ranged from $345 to $395.
The government yesterday announced additional measures aimed at shoring up the local currency and controlling inflation which included guaranteeing that the United States dollar will remain a trading currency until the end of the National Development Strategy Phase One in 2025.
It also hiked interest rates to 200% and now insists that loans should be paid in the currency that they are obtained.
(130 VIEWS)
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
