Zimbabwe dollar remains firm as demand continues to grow

The Zimbabwe dollar gained again after Reserve Bank of Zimbabwe auction as demand continued to increase.

Bids for a total of USD29.2 million were allotted on Tuesday. Last week the bids were USD24.5m. That represents a demand growth of 9%

USD27.4m went to the main auction while USD1.82m went to the SMEs auction.

The highest bid of 88.07 was registered in the main auction while both had a lowest bid and accepted rate of 79.

As such the rate for this week for the USD sits at ZWL81.34, up from ZWL81.44 last week.

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