US dollar

  • Markets

    Zimbabwe dollar loses value in second successive week

    ZW$ traded at ZWL$81.81 against US$1Allotments to industry reached a new high of US$32.9 millionThe local currency was on a two months run of successive gains until last weekTHE Zimbabwe dollar marginally lost value to the United States dollar in Tuesday’s weekly forex trading, marking a second successive week shedding value after two months of sustained gains. The local currency…

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  • Markets

    Zimbabwe dollar gains against US$ for fifth week in a row

    THE exchange rate firmed yet again in the latest auction this Tuesday, taking the firming streak to five straight weeks. This week’s gains were, however, very negligible but positive all the same. The level of trading activity was positive coming in at US$24 million, which, despite comparing less favourable to a record high performance of US$30 million attained last week,…

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  • Markets

    Vendors selling US$1 notes

    TRADERS along the busy sidewalks of Harare are doing brisk business out of selling US$1 notes to various business players who are struggling for change by setting premiums of between five and seven percent per US$ 100. Since government revoked the ban on trading in foreign currency for local transactions in March this year, small denomination American dollar notes have…

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