Zimbabwe dollar marginally firms against the USD

By ZBC Reporter

THE Zimbabwe dollar marginally firmed to 84.39 against the greenback at this Tuesday’s RBZ foreign currency auction platform.

A total of 25.3 Million United States dollars was disbursed at this Tuesday’s auction system, almost 10 Million United states dollars down from last week’s 35.7 Million United states dollars.

 A significant 334 bids were allotted for the Small and Medium platform and the main Auction.

As has become the norm, the largest chunk of 11.6 million United States dollars was accounted for by Raw Materials to spearhead production.

Machinery and Equipment was second at 5 million United States dollars.

Consumables and other electrical accessories got 2.1 million United States dollars whilst Retail and Distribution got 1.6 Million United States dollars services.

Fuel, Electricity and Gas received 1.4 Million United states dollars.

Pharmaceuticals, Chemicals, Paper and Packaging received a combined figure of 1.5 Million United states dollars.