The Zimbabwe dollar was pegged at 25:1 before the auction and it fell to 83.40 on 25 August and has been firming bit by bit since and stands at 81.44.
Even the defiant Old Mutual Implied Rate which continued to fall peaking at 146.28 last week has been on the decline and was at 126.09 yesterday.
Ncube said price stability was now visible and inflation which stood at 761% in August could end the year at 50%.
The next foreign exchange auction is on today.
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