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|
|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|
|Pharmaceuticals and Chemicals||328,024.72||1,345,307.98|
|Paper and Packaging||184,728.17||1,012,477.85|
|GRAND TOTAL AWARDED||41,777,907.58|