The Zimbabwe dollar slid 0,1 percent lower against the United States dollar at $83,88 from $83,75 as inflationary pressures rise.
Businesses have been gradually increasing the prices of goods and services in recent week.
With regards to the latest auction, all accepted bids were fully alloted, with the big companies being alloted the bulk of the foreign currency at US$34, 61 million, while SMEs took up US$2,57 million.
This week’s allotments totalled to US$37, 1 million.
The total number of bids on the auction platform were lower this week at 484 from a record high of 603 from last week, perhaps indicating the removal of shelf companies that were said to be siphoning foreign currency on the auction system and diverting it to the parallel market.
This week the highest bid on the SMEs platform was $88, while that on the main auction was lower at $87. The lowest rate alloted on both platforms was $82.
Foreign currency disbursements to industries saw raw materials accounting for the bulk of allotments at US$16,14 million on the main auction and US$613 448 on the SMEs section.
Machinery and equipment came in second with US$6,23 million on the main and US$485 101 on the SMEs section. And consumables came in third on the main auction at US$2,15 million; but on the SMEs section, consumables took up US$714 924.