The Zimbabwe dollar rose for the fifth straight week, going up by a marginal 0,06 percent to settle on 81,44 to the United States dollar in the latest Reserve Bank of Zimbabwe (RBZ) foreign currency auction.

The highest bid on both boards stood at $86, while the lowest accepted bid was $78.

The main auction saw a total of 223 bids, of which 22 were rejected.

On the SMEs auction there were 6 disqualified bids, but 123 successful bids.

Productive sector players continue to be the biggest winners from the auction system, with raw materials accounting for most of the allocation on the main auction at US$8 million.

Machinery and equipment accounted for US$2, 9 million, and consumables took up US$3, 1 million.

On the SMEs board, consumables taking the bulk of allocations at US$342 354, while machinery and equipment came in second with US$326 567.

Raw materials took up US$277 342 on the SMEs auction.