Official Exchange Rate On The Rise Now At US$1: ZWL$68.8

The official exchange rate is on the rise as this week's rate has risen from last week’s US$1: ZWL$65.8 to US$1: ZWL$68.8.

The amount allotted at the auction was US$15.9 million from bids totalling US$18.7 million.

The considerable difference between the total bids and the amount allotted means that the Zimbabwe dollar will continue sliding.