The Zimbabwe dollar has continued to lose its ground against the US dollar at the forex auction system conducted on Tuesday, 25 August 2020.<\/p>\n
The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States Dollar.<\/p>\n
Amount Allotted US$960 791.84 US$14 064 871.90
\nThe Highest Rate 88.0000 88.0000
\nThe Lowest Rate 75.0000 80.0000
\nLowest Accepted Rate 75.0000 80.0000
\nTotal Bids Accepted US$960 791.84 US$14 064 871.90
\nNumber of Bids Received 85 139
\nNumber of Bids Disqualified 10 33
\nForex Auction Weighted Average Rate: ZWL$83.3994
\nPURPOSE Amount Allotted SME Auction (US$) Amount Allotted Main Auction (US$)
\nRaw Materials 207 931.76 4 970 224.02
\nMachinery and Equipment 162 741.26 3 870 515.84
\nConsumables (incl Spare, Tyres, Electricals) 151 749.85 1 671 224.20
\nPharmaceuticals and Chemicals 140 450.41 1 470 373.59
\nServices (Loans, Dividends, Disinvestments, etc) 137 101.50 843 215.51
\nRetail and Distribution (Incl. Food, Beverages, etc) 98 700.00 766 098.49
\nFuel, Electricity and Gas 32 797.06 358 564.78
\nPaper and Packaging 29 320.00 114 655.47
\nTotal 960 791.84 14 064 871.90
\nGrand Total US$15 025 663.74<\/div>\n
![\"\"](\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2020\/08\/EgRrC21WkAMy3wF.jpg\")
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The Zimbabwe dollar has continued to lose its ground against the US dollar at the forex auction system conducted on Tuesday, 25 August 2020. The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States Dollar. The results are as follows: Amount Allotted US$960 791.84 US$14 […]<\/p>\n","protected":false},"author":84,"featured_media":12442,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[894],"class_list":{"0":"post-26895","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-foreign-currency"},"yoast_head":"\n
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