Forex Auction: Zimbabwe Dollar Further Loses Value Against The USD

The forex auction conducted this Tuesday saw the US dollar firming from last week’s 57 to 63.74 against the Zim dollar.

The total amount allocated was US$16 321 028.61 as follows:

• Raw Materials – 7,203,581.85
• Consumables (Incl. Spares, Tyres, Packaging) – 2,577,201.05
• Food and Beverages – 1,725.377.29
• Agriculture – 1,050.389.77
• Chemicals – 1 006 11527
• Medicals – 766,627.00
• Machinery and Equipment – 641,112.79
• Services – 559,000.00
• LPG Gas – 416,623.59
• Other – 375,000.00
• TOTAL – 16.321,028.61