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RBZ Forex Auction 02/11/2021: Zimbabwe Dollar Continues To Fall Against USD

RBZ Forex Auction 02/11/2021: Zimbabwe Dollar Continues To Fall Against USD

The Zimbabwe dollar continued on a downward trajectory after losing further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 02 November 2021.

Last week the weighted average was US$1: ZWL$97.1361 and fell to US$1: ZWL$98.9821 this week.

This week, US$10 million was allocated to the Small to Medium Enterprises forex auction while US$36.2 million was allocated to the main forex auction.

In total, US$46.2 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is up from the US$40.7 million allotted last week.

1334 bids were received on the Small to Medium enterprises forex auction, with 1267 accepted and 67 disqualified. The total number of bids allotted was 1253.

On the main forex auction, a total of 659 bids were received, 608 were accepted while 51 were disqualified. The total number of bids allotted was 605.

The Reserve Bank of Zimbabwe (RBZ) said bids that were disqualified were not eligible in terms of the Priority List.

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

Number of Bids Received :

SMEFX64/2021

1334

MAIN FX70/2021

659

Number of Bids Disqualified : 67 51
Total Number of Bids Accepted : 1267 608
Total Number of Bids Allotted : 1253 605
Total Value of Bids Accepted : USD10,192,606.45 USD36,223,877.51
Amount Allotted : USD 10,182,138.13 USD36,205,839.71
Highest Rate Received : 120.000 120.0000
Lowest Bid Rate Received : 95.0000 95,0000
Lowest Bid Rate Allotted : 96,0000 96,0000
Weighted Average Rate : 98.9821  
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 2,394,317.68 12,901,079.32
Machinery and Equipment 3,758,991.50 10,654,060.05
Consumables (Incl. Spares, Tyres, Electricals, etc) 1,434,640.59 3,359,302.18
Services (Loans, Education, Dividends, Disinvestments, etc) 1,173,402.01 2,201,160.30
Retail and Distribution (Incl. Food, Beverages, etc) 847,494.68 4,207,524.96
Fuel, Electricity and Gas 8,890.05 0
Pharmaceuticals and Chemicals 412,520.43 1,847,415.04
Paper and Packaging 151,881.19 1,035,297.86
TOTAL 10,182,138.13 36,205,839.71
GRAND TOTAL AWARDED   46,387,977.84

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7 Comments

Chief Nqumbi 6 months ago

Regai Mliswa akati chaora chinhu ichi 🤷


Chapwititi 6 months ago

It's one way traffic.Zvakuda POLAD izvi.


Do that 6 months ago

Guys dze RBZ are you operating from Zim or its cellfon like thing yes up there your $zwl 99,99999 what ever you say bt the Trueth is the zwl$ is at $1-zwl $180 and maybe next week it will be zwl240 who knows bt imwi imwi muchi mwashura Rubbish dzenyu idzo heii Work Up:


Dunda 6 months ago

haa chaora


Dr Nothing 6 months ago

Mbuya vekwamucheka vanozivei pakadai.Kuramba henyu asi chokwadi munochiona


Un 6 months ago

What do you expect from a dishonest governor who said he would resign if certain things happened, they have happened what's he still doing there

MuGrade 2 6 months ago

Isu MaGrade 2 tinoziva kuti hapana hapana.. inflation is just taking its course.. there are no measures in place to curb inflation.



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