The Zimbabwe dollar has fallen slightly by ZWL$0.04 at Tuesday’s foreign currency auction to ZWL$82.9 against the United States dollar from ZWL$82.5 last week.

The exchange rate of the Zimbabwe dollar against the greenback has been on the downhill track since June this year from ZWL$57.4:US$1,when government introduced the foreign currency auction, dumping the fixed interbank exchange rate of ZWL$25:US$1, which had been in place since February.

At Tuesday’s auction, a total of US$14.2m was allotted with the main auction getting US$13.7m while the SMEs auction got US$517 630.88.

The highest rate was 88.38 in the main auction and 85 in the SMES auction.

The lowest was 80 and 78 for the main and SMEs auctions respectively