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Zimbabwe dollar sheds 2.6%

The Zimbabwe dollar shed 2.6% after the latest Reserve Bank of Zimbabwe auction on Thursday.

This week saw the debut of the SME auction proper which had a highest bid of 90 and a lowest of 80. 80 was the lowest accepted.

For the main auction the highest was 90 as well with the lowest 77.02.

That means, weighted the Zimbabwe dollar will trade at 82.56 for the coming week.

The main auction saw USD17.98m in the mix while the SME one was just shy of USD790k.

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