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RBZ Forex Auction Results – 05 April 2022

RBZ Forex Auction Results – 05 April 2022

The value of the Zimbabwe dollar continued on its downward spiral on the Reserve Bank of Zimbabwe (RBZ) forex auction.

On Tuesday, 5 April 2022, the weighted average fell to US$1: ZWL$145.8721 from US$1: ZWL$142.4237 which was reported by the RBZ last Tuesday, 29 March 2022.

In total, US$32.8 millionwas allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.

1 014 bids were received on the Small to Medium enterprises forex auction, with 987 accepted and 27 disqualified. The total number of bids allotted was 987.

On the main forex auction, a total of 384 bids were received, 362 were accepted and 22 were disqualified. The total number of bids allotted was 362.

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.

Number of Bids Received

SMEFX82/2022

1 014

MAIN FX88/2022

384

Number of Bids Disqualified 27 22
Total Number of Bids Accepted 987 362
Total Number of Bids Allotted 987 362
Total Value of Bids Accepted USD5,344,407.74 USD27,455,844.97
Amount Allotted USD5,344,407.74 USD27,455,844.97
Highest Rate Received 156.0000 155.0000
Lowest Bid Rate Allotted 135.0000 138.0000
Weighted Average Rate 145.8721
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,484,964.35 12,775,361.35
Machinery and Equipment 1,822,353.87 6,147,142.15
Consumables (Incl. Spares, Tyres, Electricals, etc) 741,667.68 2,206,114.68
Services (Loans, Education, Dividends, Disinvestments, etc) 508,531.55 1,981,989.39
Retail and Distribution (Incl. Food, Beverages, etc) 454,214.21 2,284,519.89
Electricity 14,500.00
Pharmaceuticals and Chemicals 207,543.39 1,381,449.14
Paper and Packaging 110,632.69 679,268.37
TOTAL 5,344,407.74 27,455,844.97
GRAND TOTAL AWARDED 32,800,252.71

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20 Comments

Jah🇿🇼Tsvarie-07 1 month ago

It never rain it pours for Mangudya and Ncube, pavachabvuma kuisa US$ tinenge takuvara nenhamo...


tentin 1 month ago

The perpetual rise in inflation, means the MPC has failed dismally. If it was in a game of football it time for the coach to see the exit door


Mafirakureva 1 month ago

This time next week combi will not accept Bond notes/RTGS/ZW$L or whatever they call this toilet paper

They will only accept the Illegal US$, the currency of those that have slapped us with Illegal sanctions, while the government is paying its Evil Servants half in the Illegal currency, which to my Illegal mind is as illegal as this Illegal regime, which illegally came to power after illegally rigging elections coming shortly after an illegal coup.

And the illegal regime blames the illegal sanctions on the illegal opposition party which it illegally purports to have illegally campaigned for the illegal sanctions to be imposed on Zimbabwe by the illegal western countries, illegally.


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


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PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


PUTIN 1 month ago

kutanga mangwana muZim munenge makushandisa maRUBLES


MT 1 month ago

This RTGS is now a national security threat


mhofu 1 month ago

kuno 2mrw tikupinda pa$1-260


🇿🇼🇿🇼🇿🇼 MWANAWEVHU 1 month ago

Rakananga ku Zw500-U$1 by June. You can rig the election but you can't rig the economy.


Jongwe 1 month ago

Do these so called economics gurus know what is transpiring on the parallel marke ?,l think they are oblivious of the current economic quagmire,,the rate is now escalating towards zwl 300..$1USD:ZWL300


🤣🤣🤣🤣 1 month ago

Redu Revanhu Rava pa ZW 250 -$1
😭


🤣🤣🤣🤣 1 month ago

Redu Revanhu Rava pa ZW 250 -$1
😭


🤣🤣🤣🤣 1 month ago

Redu Revanhu Rava pa ZW 250 -$1
😭


🤣🤣🤣🤣 1 month ago

Redu Revanhu Rava pa ZW 250 -$1
😭


🤣🤣🤣🤣 1 month ago

Redu Revanhu Rava pa ZW 250 -$1
😭



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