The Zimbabwe dollar yesterday weakened to $84,48 from $84,39 last week following yesterday’s Reserve Bank of Zimbabwe (RBZ) foreign currency auction.

Notwithstanding the marginal declines in recent weeks, the Zimbabwe dollar has remained in a stable range over the last nine months.

The foreign currency auction system was introduced last June.

267 bids on the main auction and 257 bids on the SME auction were accepted as valid, and all were allotted.

Total allotments amounted to US$32,9 million.

The total allotments were US$29,2 million on the main auction and US$3,75 million on the SME action.