Zimbabwe dollar falls to 63.74, total allotted US$16.3 million


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The Zimbabwe dollar today fell to $63.74 against the United States dollar at today’s auction and a total of US$16.3 million was allotted.

The auction kicked off last week with the Zimbabwe dollar averaging $57.36.

A total of US$10.3 million was allotted.

The bulk of today’s funds went to raw materials which was allotted US$7.2 million.

Consumables came second with US$2.6 million followed by food and beverages at US$1.7 million.

The highest rate offered today was $92 down from $100 last week while the lowest offered was $37.82 up from 25.50 last week.

Bids totalled US$18.96 million.

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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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