Categories: Stories

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

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.

(155 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.

Recent Posts

Britain says amendment of the Zimbabwean Constitution is a sovereign, legislative matter for Zimbabwe to decide

Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…

March 24, 2026

Who started the war?

It is now 47 years since I wrote the short story below for a South…

March 4, 2026

Zimbabwe 2026 monetary policy statement at a glance

Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…

March 1, 2026

Was Chombo Mugabe’s number two?

Far from it, on paper that is. Ignatius Chombo was one of the longest serving…

February 6, 2026

Zimbabwe’s 2026 citizen’s budget

Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…

November 30, 2025

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025