Zimbabwe’s local currency – the Zimbabwe dollar – weakened marginally to settle at $82.08 from $82.09 to the United States dollar following the latest foreign currency auction.
Total foreign currency allocations came in at US$35.3 million.
Large corporations accounted for the bulk of allocations at US$32.4 million down slightly from US$33.02 million previously, and the SMEs segment accounted for US$2.87 million from US$2.81 million.
The total number of bids on the auction platform rose to 517.
On the main auction, the total number of bidders stood at 289, while 228 bids were recorded on the SMEs auction. 29 and 9 bids were rejected on both platforms, respectively.
The highest bid on the main auction was $86, while that for the SME section was marginally higher at $87. But the lowest bids on both the main auction and the SME auction were merged at $80.
As per trend, the raw materials segment accounted for the bulk of allotments yesterday at US$14.8 million on the main auction and US$723 820 on the SMEs section.
Machinery and equipment came in second with US$6.2 million on the main and US$527 444 on the SMEs section.
And consumables came in third on the main auction at US$1.6 million; but on the SMEs section, consumables took up US$681 830.