Zimbabwe dollar traded flat against the greenback at $84.76, compared to $83.72 last week.

Total allotments amounted to US$38.5 million.

Foreign currency disbursements to industries saw raw materials accounting for the bulk of allotments at US$14.68 million on the main auction and US$1.54 on the SMEs section.

Machinery and equipment came in second with US$5.7 million on the main and US$1.2 million on the SMEs section. And consumables came in third on the main auction at US$2.5 million; but on the SMEs section, consumables took up US$1.3 million.

All accepted bids were fully allotted, with the big companies being allotted the bulk of the foreign currency at US$32.5 million, while SMEs took up US$5.9 million.

The RBZ is the sole supplier of the hard currency on the auction platform.

The total number of bids on the auction platform continued to tick upwards, rising to a record high of 739, and 670 bids were allotted.

This week the highest bid on the SMEs platform was $90, while that on the main auction was lower at $89. The lowest rate allotted on both platforms was $82.