Pindula
Register Login

RBZ Foreign Currency Auction: Zimbabwe Dollar Continues To Shed Value Against USD

RBZ Foreign Currency Auction: Zimbabwe Dollar Continues To Shed Value Against USD

The Zimbabwe dollar has continued to lose value against the US dollar on the Reserve Bank of Zimbabwe (RBZ) forex auction.

On Tuesday, 26 April 2022, the weighted average fell to US$1: 159.3482 ZWL$ from US$1: ZWL$155.1419 which was reported by the RBZ on 20 April.

In total, US$30.4 millionwas allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.

920 bids were received on the Small to Medium enterprises forex auction, with 869 accepted and 51 disqualified. The total number of bids allotted was 869.

On the main forex auction, a total of 428 bids were received, 392 were accepted and 36were disqualified. The total number of bids allotted was 392.

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

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

FOREIGN EXCHANGE AUCTION RESULTS 26 APRIL 2022 SMEFX85/2022 MAIN FX91/2022
Number of Bids Received : 920 428
Number of Bids Disqualified : 51 36
Total Number of Bids Accepted : 869 392
Total Number of Bids Allotted : 869 392
Total Value of Bids Accepted : USD4,522,761.60 USD25,936,487.43
Amount Allotted : USD4,522,761.60 USD25,936,487.43
Highest Rate Received : 180.0000 180.00000
Lowest Bid Rate Allotted : 145.0000 148.0000
Weighted Average Rate : 159.3482
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,219,251.74 12,957,459.57
Machinery and Equipment 1,527,835.83 5,419,206.84
Consumables (Incl. Spares, Tyres, Electricals, etc) 534,565.97 1,867,234.18
Services (Loans, Education, Dividends, Disinvestments, etc) 478,934.09 1,322,872.33
Retail and Distribution (Incl. Food, Beverages, etc) 416,713.86 2,151,740.28
Electricity 9,847.44 100,000.00
Pharmaceuticals and Chemicals 193,164.92 1,262,149.08
Paper and Packaging 142,447.75 855,825.15
TOTAL 4,522,761.60 25,936,487.43
GRAND TOTAL AWARDED 30,459,249.03

Share Article

Sponsored

More

21 Comments

Freda 3 weeks ago

Gvt shld stop these subsidies,they do more harm than good.Chinhu ngachi tengeswe neprice yacho.


Chiurai 3 weeks ago

Ndaringosvika ku 500 panovhurwa chikoro timbonoribhadharisa kanzuru. Zesa ye 3 dolaz yaakukwana mwedzi wese. Imi mahodha 2 per kw. Muchabroka chete.
Zupco 80 bond keep it up. Nyika inopazwa nevene vayo.


Freda 3 weeks ago

Zim dollar shld be as good as gold and gold as good as the Zimdollar ipai Biti zvinhu izvi.


3 weeks ago


Sponsored

More
Waka-waka 3 weeks ago

Itai itai boys dzeZanu Pf vote yangu hamuiwane .Ikozvino muHistory textbooks vakunyora chokwadi sezvachiri tichakuverengai very soon.Zvana Morgan Tsvangirai kuti akahwinha zvirimo wena bk reForm two chairs nekuti people were killed by Zanu PF paRe-run,Zvekutiza kwaED zvese zvirimo,nezvana Authur Mutambara,Nelson Chamisa as it happened ndakashamiswa wena Kare vaizviviga.


Wave 3 weeks ago

Really? Kkkkkkk

Chawabvunza 3 weeks ago

RTGS is falling like fruits falling from a tree. CZI has now the bandwagon of people who have warned RBZ that it should swallow their pride and adopt US$ as our borrowed currency.

CCC CHETE CHETE.


xyz 3 weeks ago

Mtuli&mangunja bho. mberi akomana ,ndoozvatakarangana🇿🇼🇿🇼


pumura 3 weeks ago

mthuli namangudya ndavadire havo rizare


SADZA 3 weeks ago

Dira rizare

NF 3 weeks ago

Dira rizare

Chirandu 3 weeks ago

$100 bond can't buy a loaf of bread or a litre of fuel. Zanu PF gvt is very arrogant. Zim dollar harichaiti hameno kuti chembere dzirimu gvt dzinoda kuzobvuma economy yacho yadonha kusvika papi chaizvo. The most suffering workers are the civil servants. Zvadhakwa izvi 😥


SADZA 3 weeks ago

Kusvika taita ma trillionaire futi

mwana waGono 3 weeks ago

muchanetsa henyu ...market rate ndochairo. kwete renyu iro ringori mubrain dzenyu governor na minister wacho......tingati zvi auction zvenhema ndorate here ...Kuda kuvira vanhu kaa...manje chokwadi chongozobuda mosvikepi nazvo izvi


Teku teku 3 weeks ago

ndokumbirawo kubvunza kuti Zimbabwe ine mazupuko mangani uye golden dragon mangani


**** 3 weeks ago

300 buses
gold dragon 99

Zvimbazi 3 weeks ago

If Chamisa loses this coming election, lets form a one party state. We are sick and tired of elections after 5 years. Millions of usd are being wasted in every election that is held.

ZIM LETS UNITE AS 1 AND FORM A SINGLE POLITICAL PARTY .
LIKE IN CHINA.


Gen 3 weeks ago

Zvanyanya izvi bt anyway Mangudya dira hako rizare wangu


Ndimba Ndimba 3 weeks ago

This government is stubborn and ****. They behave like a driver who sees that he has lost direction of where he is supposed to be going but continues to accelerate more in that direction until he runs out of fuel. Why continue with these auction floors if they are not working and the exchange rate falls every week.? There is need for them to start learning what does not work and stop continuing it.


aaaa 3 weeks ago

hatina kwatirikuenda senyika azvitadza Dambudzo ngaasiye mukomana apinde 2023 agadzirise dambudziko rakura munyika iri


phil 3 weeks ago

unogona kunge wakafunda zvaka expire or uchitori benzi wakadzidza kudaro.Gono failed why following his foorsteps definately yu heading to fail.



Leave a comment


Recent News


News Categories



Give us a Feedback