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.
(136 VIEWS)
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…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…