By Davison Vandira
THE Reserve Bank of Zimbabwe Foreign Currency Auction resumed this Tuesday, with the Zimbabwe dollar trading at one hundred and twelve dollars and eighty-two cents to the United States dollar.
A total of almost US$31 million was allocated to various economic activities.
As has become the tradition of the forex auction, raw materials accounted for the largest chunk with US$12.4 million, while machinery and equipment came second with US$8.5 million.
Services, Retail and Distribution, Electricity, Pharmaceuticals, Chemicals, Paper and Packaging all combined accounted for US$10.1 million.
A total of 812 bids were accepted and subsequently allotted in full.