Zim Dollar On One Of The Lowest Drops So Far This Year At Foreign Currency Auction
The Zimbabwe dollar today shed only $4.66 to average $912.5828 against the United States dollar,one of the lowest drops so far this year.
The black market rate, however, shifted a little with the cash rate at Zimpricecheck now at $1 200 and the swipe rate at $1 400.
Zimpricecheck put the black market buy rate even lower at $1 120 and the sell rate at $1 260.
A total of US$19.8 million was allotted to 423 companies today with US$17.3 million going to 211 large firms.
Offers at the auction ranged from $910 to $996.