Zimbabwe dollar sheds another $3.47, now trading at $127.49 to the US dollar


0

The Zimbabwe today shed $3.47 against the United States dollar and averaged $127.4864 against last week’s 124.0189.

It lost $3.50 to the greenback last week.

A total of 1 370 bids were allotted US$37.3 million today with 899 in the small and medium sector getting US$6.1 million.

The lowest offer today was $120 and the highest $140.

The Zimbabwe dollar is currently trading at between $200 and $250 on the black market but Finance Minister Mthuli Ncube has said the country is not going back to using the US dollar as the sole currency because it is a bad idea.

(108 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
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.

0 Comments

Your email address will not be published.