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The Zimbabwean Dollar has managed to mantain a stable range on the both Reserve Bank of Zimbabwe (RBZ) foreign exchange auction and parallel market platforms in the recent weeks.
The trading update released this week shows that the official exchange rate depreciated to US$1:ZWL 5774 down from the premium of ZWL5 755 recorded last week to signify a slight 0,32 percent decline.
Two weeks ago the exchange rate depreciated by just 0,29 percent on the official markets with consistent analysis showing that for most of theseconf half henceforth th ZWL depreciated by very slight margins.
Meanwhile US20 million disburi ln the Wholesale auction platform where local banks purchase foreign currency for onward selling to their clients, only US$17, 3 million was taken up.
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