Zimbabwe dollar falls marginally against US dollar but remains at $81.35


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The Zimbabwe dollar today fell marginally against the United States dollar but remained at $81.35.

It dropped from $81.3499 last week to $81.3531.

A total of US$27.9 million was disbursed today to 238 bids on the main auction and 128 on the Small and Medium Enterprises auction.

A whopping US$10.9 million went to raw materials while US$4.5 was allotted to machinery and equipment.

The highest offer on the SME auction was $86 and the lowest $79.90 but on the main auction the highest offer was $89 and the lowest $80.

The Zimbabwe dollar has been trading at $81.35 since the 6 October auction.

A totalof US$377 million has so far been disbursed since the auction started on 23 June.

The Old Mutual Implied Rate was at $122.16 today.

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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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