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RBZ Forex Auction Results – 03 May 2022

RBZ Forex Auction Results – 03 May 2022

The foreign exchange weighted average rate has fallen to US$1: ZWL$165.9942 from US$1: ZWL$159.3482 which was reported by the Reserve Bank of Zimbabwe (RBZ) on 26 April.

At this week’s forex auction conducted on 03 May, a total of US$28.6 millionwas allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.

1 151 bids were received on the Small to Medium enterprises forex auction, with 1 082 accepted and 69 disqualified. The total number of bids allotted was 1 082.

On the main forex auction, a total of 474 bids were received, 429 were accepted and 45 were disqualified. The total number of bids allotted was 429.

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.

Number of Bids Received : 1151
Number of Bids Disqualified : 69
Total Number of Bids Accepted : 1082
Total Number of Bids Allotted : 1082
Total Value of Bids Accepted : USD4,579,271.64
Amount Allotted : USD4,579,271.64
Highest Rate Received : 240.0000
Lowest Bid Rate Allotted : 155.0000
Weighted Average Rate : 165.9942
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,206,244.02 11,325,102.37
Machinery and Equipment 1,598,573.38 6,120,869.88
Consumables (Incl. Spares, Tyres, Electricals, etc) 581,984.96 1,532,512.07
Services (Loans, Education, Dividends, Disinvestments, etc) 541,832.93 1,686,903.52
Retail and Distribution (Incl. Food, Beverages, etc) 340,436.92 1,495,432.16
Electricity 17,617.97 21,973.60
Pharmaceuticals and Chemicals 162,982.00 1,265,094.94
Paper and Packaging 129,599.46 622,569.09
TOTAL 4,579,271.64 24,070,457.63
GRAND TOTAL AWARDED 28,649,729.27

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4 Comments

St 2 weeks ago

Hapana kwatirikuenda tatenderedzwa tikadzoka pa2008


g 2 weeks ago

Apo ndoparinoda kuzara kuti paa🤣🤣🤣🤣🤣🤣🤣


yellow bone 2 weeks ago

hahaha nhaka rinosvika muthaza chete gorerino


Tio4 2 weeks ago

Njuga dzikurema kkkkk right now the us$ is trading at over 1:400 pa black market.


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