The exchange rate of the United States Dollar (USD) to the Zimbabwean Dollar(ZWL) has risen to 1 : 72.1470. This comes after the latest forex auction conducted today. Last week the exchange rate was 1 : 68.2 meaning that the rate has increased by a further 5.8% as compared to today.
A total of US$ 14,853,708.88 was allotted to different sectors of the economy such as raw materials, machinery and equipment, energy, and consumables among others. Raw materials alone amounted to US$ 7,417,479.47 whilst fuel, electricity, and gas racked away US$ 640,453.05.
