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*Zimbabwean Dollar Slides Marginally Against USD, Now At 83.3994* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?nw The Zimbabwe dollar has continued to lose its ground against the US dollar at the forex auction system conducted on Tuesday, 25 August 2020. The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States Dollar. ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- The results are as follows: Amount Allotted US$960 791.84 US$14 064 871.90 The Highest Rate 88.0000 88.0000 The Lowest Rate 75.0000 80.0000 Lowest Accepted Rate 75.0000 80.0000 Total Bids Accepted US$960 791.84 US$14 064 871.90 Number of Bids Received 85 139 Number of Bids Disqualified 10 33 *Forex Auction Weighted Average Rate: ZWL$83.3994* PURPOSE Amount Allotted SME Auction (US$) Amount Allotted Main Auction (US$) Raw Materials 207 931.76 4 970 224.02 Machinery and Equipment 162 741.26 3 870 515.84 Consumables (incl Spare, Tyres, Electricals) 151 749.85 1 671 224.20 Pharmaceuticals and Chemicals 140 450.41 1 470 373.59 Services (Loans, Dividends, Disinvestments, etc) 137 101.50 843 215.51 Retail and Distribution (Incl. Food, Beverages, etc) 98 700.00 766 098.49 Fuel, Electricity and Gas 32 797.06 358 564.78 Paper and Packaging 29 320.00 114 655.47 Total 960 791.84 14 064 871.90 *Grand Total US$15 025 663.74* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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