Zimbabwe dollar falls by $3 against the US dollar


0

The Zimbabwe dollar today fell by $3 against the United States dollar to trade at $68.89 down from $65.88 last week.

This is the fourth decline since the auction started four weeks ago but the range is narrowing.

Today the lowest bid was $40 and the highest was $85.

Last week the lowest bid was $30 and the highest $90.

The lowest bid accepted today was however $64.20 up from $55 last week.

A total of US$15.99 was allotted today up from U$13.6 last week. Total bids were US$18.72 million.

Some 289 bids were received but 59 were rejected.

Raw materials got the highest allocation of US$5.6 million followed by machinery and equipment with US$3 million.

Click link below to receive free updates by whatsapp

https://chat.whatsapp.com/IjKB2tQriIv3s0CUZMVUPS

 

(109 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Your email address will not be published.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 *