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RBZ Forex Auction Results – 01 February 2022

RBZ Forex Auction Results – 01 February 2022

The value of the Zimbabwe dollar has continued to fall against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction.

Data released by the central bank following the forex auction conducted on Tuesday, 01 February 2022 indicates that the local currency fell by $1.2277 against the US dollar.

This week the weighted average was US$1: ZWL116.6500 down from the 25 January 2022 rate that stood at US$1: ZWL$ $115.4223.

In total, US$37,548,580.33 was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is a little bit lower than the US$38 775 772.07 million allotted last week.

901 bids were received on the Small to Medium enterprises forex auction, with 783 accepted and 118 disqualified. The total number of bids allotted was 783.

On the main forex auction, a total of 546 bids were received, 460 were accepted and 86 were disqualified. The total number of bids allotted was 437.

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.

SMEFX73/2022 MAIN FX79/2022
Number of Bids Received : 901 546
Number of Bids Disqualified : 118 86
Total Number of Bids Accepted : 783 460
Total Number of Bids Allotted : 783 437
Total Value of Bids Accepted : USD6,773,484.47 USD32,275,383.86
Amount Allotted : USD6,773,484.47 USD30,775,095.86
Highest Rate Received : 130.0000 132.5000
Lowest Bid Rate Received : 107.0000 108.0000
Lowest Bid Rate Allotted : 107.0000 112.8200
Weighted Average Rate : 116.6500
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,584,646.80 13,258,231.07
Machinery and Equipment 2,147,777.51 7,024,692.98
Consumables (Incl. Spares, Tyres, Electricals, etc) 961,908.64 2,750,638.64
Services (Loans, Education, Dividends, Disinvestments, etc) 1,053,903.16 1,922,356.55
Retail and Distribution (Incl. Food, Beverages, etc) 554,044.11 3,491,211.10
Electricity 10,000.00
Pharmaceuticals and Chemicals 314,122.62 1,490,692.27
Paper and Packaging 147,081.63 837,273.25
TOTAL 6,773,484.47 30,775,095.86
GRAND TOTAL AWARDED 37,548,580.33

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10 Comments

Kudzai 3 months ago

ZANU Pf itsvina


Makelanwi 3 months ago

Indeed the country has gone to the🐕🐕.Who let the dogs out whoooooooo, whooooo


Makelanwi 3 months ago

Indeed the country has gone to the🐕🐕.Who let the


Tkt 3 months ago

Pasi neUSD pamberi neZANU-PF Pamberi na@Vybz


Vybz Kartel 3 months ago

PAMBERI NE MBANJE


Boss Veda 3 months ago

@Tkt & Vybz ndatozoona kuti mune prblm vafana imi muri wembanje i guess hamuendi kana kubasa or hamuna zvekuita.
Zvinokushoresai izvozvo

kim luta 3 months ago

tirikuzviona izvi kt varimi vefodya ndivo varipama 1 coz mari yavakaarisira i US chete iyo RTGs haina kwainoasvitsa dai kwangobviswa iwo maBOND tangosara hedu nema US pamwe ma price angadzikameo


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T@aaa 3 months ago

Haa kubatwa kumeso chaiko hapachirikuchinja nyika yaenda kumawere .Ngapinde hake mukomana raneta nenhema idzi vanhu vachirambura blackmarket ndo ine rate chaiyo imi moshamdisirwa yavo yenhema


Rabbi Isaacson 3 months ago

Cooking the figures to justify
corrupt practices


Baba Titie 3 months ago

Zimstat ndoopayaiti hupfumi hurikukwira zvinhu zviri kudzika iyo RTGS yichiumburuka zvakadai. Ngavarongeke



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