Zimbabwe dollar continues its slide against the US dollar


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The Zimbabwe dollar today fell by 28 cents against the United States dollar to average 84.4001 at today’s foreign currency auction.

A total of 529 bids were accepted and were allotted US$35.8 million.

The Zimbabwe dollar has fallen by $2.61 against the greenback since the beginning of the year.

The lowest offer today was $82 and the highest $87.50.

US$1.05 billion has been disbursed through the auction since it started on 23 June last year but  US$424.8 million was allotted in the first three month of this year.

The country’s central bank has published a list of 788 companies that have benefitted from the auction from June last year to the end of February.

Here is the list.

(30 VIEWS)

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The Insider

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.

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