Zimdollar further depreciates against US$

THE Zimbabwe dollar has continued its freefall against the greenback, with results from the Reserve Bank of Zimbabwe (RBZ)’s foreign currency auction on Tuesday showing that it is trading at $732 to the United States dollar.

Following last week’s auction, the Zimdollar was trading at $705 to the US dollar.

In a statement, the central bank said a total of US$14 471 109,58 was allotted on Tuesday at the foreign currency auction, up from US$10 806 183,25, which was allotted last week.

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