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RBZ Forex Auction Results – 14 December 2021

RBZ Forex Auction Results – 14 December 2021

The Zimbabwe dollar has slightly firmed against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction.

According to data published by the RBZ after the forex auction conducted on Tuesday, 14 December 2021, this week, the weighted average was US$1: ZWL$108.6660 down from last week’s rate that stood at US$1: ZWL$108.6678.

In total, US$41.77 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$40.82 million allotted last week.

758 bids were received on the Small to Medium enterprises forex auction, with 633 accepted and 125 disqualified. The total number of bids allotted was 633.

On the main forex auction, a total of 526 bids were received, 412 were accepted and 114 were disqualified. The total number of bids allotted was 412.

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 : 758 526
Number of Bids Disqualified : 125 114
Total Number of Bids Accepted : 633 412
Total Number of Bids Allotted : 633 412
Total Value of Bids Accepted : USD6,675,670.74 USD35,102,236.84
Amount Allotted : USD6,675,670.74 USD35,102,236.84
Highest Rate Received : 126.0000 125.0000
Lowest Bid Rate Received : 100.0000 102.0000
Lowest Bid Rate Allotted : 100.0000 102.0000
Weighted Average Rate : 108.6660

 

PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 2,018,353.38 15,570,248.34
Machinery and Equipment 2,311,651.63 9,488,158.89
Consumables (Incl. Spares, Tyres, Electricals, etc) 802,046.62 2,834,278.31
Services (Loans, Education, Dividends, Disinvestments, etc) 575,449.58 2,214,287.84
Retail and Distribution (Incl. Food, Beverages, etc) 423,215.30 2,637,477.63
Electricity 32,201.34
Pharmaceuticals and Chemicals 328,024.72 1,345,307.98
Paper and Packaging 184,728.17 1,012,477.85
TOTAL 6,675,670.74 35,102,236.84
GRAND TOTAL AWARDED 41,777,907.58

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2 Comments

Firimoni 6 months ago

Makasa ari kurema apo regay mukomana apinde hake


Chapwititi 6 months ago

Nostro and Vostro ;chirungu here ichi kana kuti chiRussian?



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