Zimbabwe dollar remains stable


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The Zimbabwe dollar today remained stable against the United States dollar at today’s foreign currency auction averaging 83.3720 against last week’s 83.3725.

All bids accepted were allotted in full with a total of US$34.6 million being disbursed.

Offers narrowed with the lowest at $81 and the highest at $88 against last week’s $80 and $89, respectively.

The local currency could firm if the country has a good harvest.

Reports today said the Grain Marketing Board is expecting 3.1 million tonnes of maize, about 1.2 million more than the national requirement.

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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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