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RBZ Foreign Currency Auction 10 May 2022: Zimbabwe Dollar Continues To Fall

RBZ Foreign Currency Auction 10 May 2022: Zimbabwe Dollar Continues To Fall

The foreign exchange weighted average rate has fallen to US$1: ZWL$173.2685 from US$1: ZWL$165.9942 which was reported by the Reserve Bank of Zimbabwe (RBZ) on 3 May.

At this week’s forex auction conducted on 10 May, a total of US$26.8 millionwas allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.

918 bids were received on the Small to Medium enterprises forex auction, with 873 accepted and 45 disqualified. The total number of bids allotted was 845.

On the main forex auction, a total of 434 bids were received, 356 were accepted and 78 were disqualified. The total number of bids allotted was 356.

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.

SMEFX87/2022 MAIN FX93/2022
Number of Bids Received : 918 434
Number of Bids Disqualified : 45 78
Total Number of Bids Accepted : 873 356
Total Number of Bids Allotted : 845 356
Total Value of Bids Accepted : USD4,132,275.84 USD23,020,941.86
Amount Allotted : USD3,823,470.35 USD23,020,941.86
Highest Rate Received : 240.0000 205.5000
Lowest Bid Rate Allotted : 165.0000 166.0000
Weighted Average Rate : 173.2685
Raw Materials 10,669,395.02 943,388.28
Machinery and Equipment 6,438,722.90 1,339,884.35
Consumables (Incl. Spares, Tyres, Electricals, etc) 1,664,849.84 484,561.52
Services (Loans, Education, Dividends, Disinvestments, etc) 1,516,399.85 405,151.21
Retail and Distribution (Incl. Food, Beverages, etc) 1,537,387.23 331,397.71
Electricity 33,517.00 2,500.00
Pharmaceuticals and Chemicals 663,221.81 206,892.74
Paper and Packaging 497,448.21 109,694.54
TOTAL 23,020,941.86 3,823,470.35

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chamisa 1 month ago

ed pfee 🔥🔥

Stoner 1 month ago

Busy removing signs at airports instead of dealing with the real issues....remove this nehanda ruble bond

vybz Kartel 1 month ago

@🚩. point of correction, Billionaires not Millionaires
kuita kuzadza bag nemari yekunotenga 2kg sugar, 2 loafs of bread and a bar soap 🤣🤣🤣🤣🤣. I love Zimbabwe. it's leadership made dramas always. 😘😘Zim

Putin 1 month ago

ngike inowakiwa nebabeni vayo

🚩 1 month ago

𝗚𝗼𝗻𝗼'𝘀 𝘇𝗲𝗿𝗼𝗲𝘀 𝗮𝗿𝗲 𝗰𝗼𝗺𝗶𝗻𝗴 𝗮𝗴𝗮𝗶𝗻, 𝘃𝗲𝗿𝘆 𝘀𝗼𝗼𝗻 𝘄𝗲'𝗹𝗹 𝗯𝗲 𝗺𝗶𝗹𝗶𝗼𝗻𝗮𝗶𝗿𝗲𝘀💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

Mᴀʀᴀᴠᴀᴢᴀ 1 month ago

Tʜᴇ ʀᴛɢs ᴅᴏʟʟᴀʀ ʙᴏɴᴅ ɪs ғᴀʟʟɪɴɢ ᴀᴘᴀʀᴛ ʟɪᴋᴇ Mᴡᴏɴᴢᴏʀᴀ's Mᴅᴄ ᴛ, ʜᴀʀᴅʟʏ ᴀ ᴡᴇᴇᴋ ᴘᴀssᴇs ᴡɪᴛʜᴏᴜᴛ ᴀ ʀᴇᴄᴀʟʟ ᴏғ ᴠᴀʟᴜᴇ.Mɴᴀɴɢᴀɢᴡᴀ's ʀᴇɢɪᴍᴇ ᴜɴᴅᴇʀ ᴛʜʀᴇᴀᴛ ᴀs ʜɪs Nᴇʜᴀɴᴅᴀ ᴄᴜʀʀᴇɴᴄʏ ᴄʀᴀsʜᴇs.

1 month ago


Tentin 1 month ago

Ndianiwo angandi dzidzisa kuti chii chinonzi CDIs?

Lewis 1 month ago

RBZ Foreign Currency Auction 10 May 2022: Zimbabwe Dollar Continues To Fall.
Every week same heading chimbochinjaiwo

Jimmy MACHENDE 1 month ago

crocodile government don't give damn

g 1 month ago

dira Hako rizare Panonetsa🤣🤣😂😂😂🤣

Vax 1 month ago

Handioni mukuru uyu achisvika 2023 election ari president economy yave kumusvsvanga

Jah🇿🇼Tsvarie-07 1 month ago

The president directed RBZ to give those with outstanding bidds to be allocated within 14 days and then finish off what's left on the floor and close the useless Dutch system 😂

RBZ has failed and has to apologize to the Nation for the pain we are in, US$ plastic money is the way to go, ZW$ will run on the side jus like Zupco buses. the way RBZ is running one would think they making matters worse to make people want change 😀

Mkanya 1 month ago

A rigid rate.. Economy yakusvasvanga edee. Ita rigging tione ukahwina.

ZWL haripere 1 month ago

ZWL haripere

The Mberengwean 1 month ago

kwangosara kuti richinzi harichashandi

Mafirakureva 1 month ago

Dai vemaKombi vari paroad, ndivo vaitanga kuriramba

chibhonda$$$ 1 month ago

kuHtown mari USDollar rate yeblack market

guvheya 1 month ago

bond rapara iroo

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