Zimbabwe dollar down to $80.47 against the US dollar


0

The Zimbabwe dollar today fell by $3.71 against the United States dollar to average $80.47 as it once again narrowed the gap between the official and the parallel market rates.

And for a change bids worth just a million dollars were not accepted as the auction received bids for $19.8 million and US$18.5 million was allotted.

Only 36 of the 237 bids received were disqualified.

The black market rate is between $87 and  $95.

The highest rate offered was $87 up from $82 last week.

The lowest rate remained static at $70.

The lowest rate accepted, however, moved from $75 to $78.

The bulk of the money, US$7.6 million went to raw materials.

Machinery and equipment got US$4.5million while pharmaceuticals and chemicals were allotted US$1.7 million.

(101 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
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.

0 Comments

Your email address will not be published. Required fields are marked *