Zimbabwe dollar falls by 32 cents to $81.67 against the US dollar


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The Zimbabwe dollar today fell by 32 cents against the United States dollar to average $81.67.

A total of US$28.3 million was allotted today to 139 bids in the small and medium enterprises auction and 234 in the main auction.

More than half went to raw materials, machinery and equipment.

Offers were lower at the SME auction with the highest being $86 and the lowest $79.10 while at the main auction the lowest was $80 and the highest $90.

The Zimbabwe dollar had been stable at $81.35 since 6 October.

Zimbabwe has held 20 auctions so far and has allotted US$405.3 million since the auction started on 23 June.

The Old Mutual Implied Rate fell by $9 to $134.06.

(38 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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