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RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD

RBZ Foreign Auction Currency: Zimbabwe Dollar Sheds More Value Against USD

The Zimbabwe dollar continued to shed value against the United States dollar as observed at today’s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ).

The foreign exchange weighted average rate has fallen to US$1: ZWL$338.4921 from US$1: ZWL$325.3314 announced by the RBZ last week.

At this week’s RBZ foreign currency auction conducted on Tuesday, 14 June 2022, a total of US$24.5 millionwas allotted.

The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.

849 bids were received on the Small to Medium enterprises forex auction, with 722 accepted and 82 disqualified. The total number of bids allotted was 707.

On the main forex auction, a total of 290 bids were received, 258 were accepted and 32 were disqualified. The total number of bids allotted was 258.

The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.

Some bids were also allotted on a pro-rata basis. 

SMEFX92/2022 MAIN FX98/2022
Number of Bids Received : 849 290
Number of Bids Disqualified : 82 32
Total Number of Bids Accepted : 722 258
Total Number of Bids Allotted : 707 252
Total Value of Bids Accepted : USD3,642,701.09 USD21,635,580.55
Amount Allotted : USD3,399,345.72 USD21,124,292.41
Highest Rate Received : 365.0000 365.0000
Lowest Bid Rate Allotted : 320.0000 320.0000
Weighted Average Rate : 338.4921
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,049,423.15 12,017,258.17
Machinery and Equipment 1,268,280.56 3,934,339.14
Consumables (Incl. Spares, Tyres, Electricals, etc) 353,328.85 1,705,200.96
Services (Loans, Education, Dividends, Disinvestments, etc) 212,033.06 826,581.34
Retail and Distribution (Incl. Food, Beverages, etc) 248,441.83 1,223,673.03
Electricity 7,030.20 119,171.66
Pharmaceuticals and Chemicals 144,826.18 662,634.43
Paper and Packaging 115,981.89 635,433.68
TOTAL 3,399,345.72 21,124,292.41
GRAND TOTAL AWARDED 24,523,638.13

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25 Comments

povo yaramba 1 week ago

RTGS rakarambwa kare arishande
tongoshanda kuna ntuli chete achitora USA oisa muhomwe osiya zvibond RTGS ipapo kunyepera kubhadhara
kufadza malooters.... its just a looting tool to raise campaigns for zanu chete kwete kumanik8dza vanhu kushandisa Mari isingatengi
vanhu vamuka Havana kupusa
bhora musango vagononhonga Vega vabaiwe


beware 1 week ago

@Asalif tracking you until you get arrested!! Robber!!


chati homu! ...chareva 1 week ago

Asalif , tinyarewo, pano hapasi pamusika


Anonymous 1 week ago

I want to take this opportunity to tell CCC supporters that you have found a new party member in me, i would like to know how to join the party structures i came from Buhera North


gandangaguru 1 week ago

ED ramba wakadzvanya pawakadzvanya pavakutapira


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Murccurrer 1 week ago

Shiri yataiti ichangozofa yazofa manje


Maparamuro 1 week ago

Pamberi ne bhora musango


Jah🇿🇼Tsvarie-07 1 week ago

Mthuli is asking us to embrace Rtgs$ by getting paid by it to buy US$ to pay rent and rates, we are trying but now it can't...


🅼🅰🆁🅰🆅🅰🆉🅰 1 week ago

𝑴𝒊𝒏𝒊𝒔𝒕𝒆𝒓 𝒐𝒇 𝒇𝒊𝒏𝒂𝒏𝒄𝒆 𝒎𝒖𝒔𝒕 𝒔𝒕𝒂𝒓𝒕 𝒓𝒆𝒂𝒍𝒊𝒈𝒏𝒊𝒏𝒈 𝒄𝒊𝒗𝒊𝒍 𝒔𝒆𝒓𝒗𝒂𝒏𝒕𝒔 𝒔𝒂𝒍𝒂𝒓𝒊𝒆𝒔 𝒕𝒐 𝒕𝒉𝒆 𝑼𝑺 𝒅𝒐𝒍𝒍𝒂𝒓, 𝒃𝒆𝒄𝒐𝒛 𝒕𝒉𝒆 𝑹𝒕𝒈𝒔 𝒃𝒐𝒏𝒅 𝒅𝒐𝒍𝒍𝒂𝒓 𝒅𝒐𝒆𝒔 𝒏𝒐𝒕 𝒌𝒆𝒆𝒑 𝒗𝒂𝒍𝒖𝒆.


. 1 week ago

You did well Mr Asalif that's being humane


Asalif 1 week ago

I'm not the employer guys hanti there is this boy ave neweek yese achitsvaga basa panapa Saka ndaresva here kumupa link kuti asaita noise panapa


Asalif 1 week ago

@urikutu can I be a slave where I work nhai mface wangu that I cannot have time yekutamba kana pasina basa jobs differ mface wangu handikanye zvidhinha zvinonzi Dhaka rinozooma or kubata target 😂😂😂😂 the truck will be offloading or loading or ndenge ndisina trip

Urikutu 1 week ago

Urikutu ye munhu iwe Asalif. Iwe unoshandepi zvaunomukira, kurarira nekuswererera ku komenta pa Pindula. Enda unoshanda iko iwe. Haikona kutumwa nematsotsi kuita zvinhu zvisina basa. Ndeipi supermarket isingaane ma cv inouya kuzotsvaga vashandi pano. Ivo ve vema bortik vacho Havana hama ne shamwari dzeku Church kana kuraini kwavo vanoda mabasa here

Bhuru 1 week ago

Wagona saka chanetsa chii manje

Oskid 1 week ago

@Asalif moda kupa vanhu transport nesadza ko pay motivana vavo vodii kuteedzerachihurumende chisingabhadhari vashandi


Murozvi 1 week ago

They want to abuse children

GEDYE GEDYE 1 week ago

🥨


Oskid 1 week ago

Handei narwo rtgs handiti inotenga kusvika mataura kuti since 2000hatina kumbohwinha tairambirapo manje mfana uyu modya jecha naye


Gafa 1 week ago

Unoita feja feja nenyika zvodhakwa zvikoro zvimwe zvovhara nenzara Zmdolla rako rotadza kutenga chikafu chevana.Wozodii nhai Panonetsa


Bhuru 1 week ago

PANONETSA---;zita racho sooooo rinotaura zvakawanda

gandangaguru 1 week ago

chaora chinhu ichi chinonzi rtgs


wellaz wemhanza 1 week ago

That's not true, because in 2013 there was a Russian scientist named Povandolakoviviscov kintayionshinkov
Why did you skip the name? I will not complete the story.

👀👀😫



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