Paul Nyathi

The local currency unit maintained its 81,34 trend against the United States dollar since the previous auction on Tuesday last week.

The central bank data showed that raw materials dominated allocations followed by machinery, consumables, services, fuel, electricity and gas.

The Reserve Bank of Zimbabwe (RBZ) this Tuesday conducted the weekly foreign currency auctions for both the Small to Medium Enterprises and the Main Foreign Currency auction at which the Zimbabwe dollar slightly lost value against the United States dollar. Below are the results of the auction.

Number of bids received:

Small-Medium Entreprises – 146
Main – 238
Number of Bids disqualified:

Small-Medium Entreprises – 14
Main – 15
Total Value of Bids Accepted:

Small-Medium Entreprises – USD1 740 633.79
Main – USD27 057 595.85
The official rate this week stands at $81.3499 from $81.3458 last week.