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Zimbabwe dollar official rate crosses $100 barrier

STAFF WRITER

THE Zimbabwe dollar has crossed the $100 barrier on the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction platform.

In a trading update released by central bank on Tuesday, the official exchange rate scaled to US$1:$105,69 up from last week’s US$1:$97,13

Meanwhile, the RBZ, in a statement, said it has started to clear nearly $200 million of foreign currency backlog on the auction market after receiving funding from Treasury.