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RBZ Forex Auction Results – 15 March 2022

RBZ Forex Auction Results – 15 March 2022

The local currency has lost further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 15 March 2022.

This week the weighted average was US$1: ZWL$134.0820 down from the 1 March 2022 rate that stood at US$1: ZWL$130.1567.

In total, US$36.6 millionwas allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.

1 177 bids were received on the Small to Medium enterprises forex auction, with 1 105 accepted and 72 disqualified. The total number of bids allotted was 1 105.

On the main forex auction, a total of 478 bids were received, 442 were accepted and 36 were disqualified. The total number of bids allotted was 433.

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.

More: Pindula News

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Tkt 3 months ago

in as much as the rtgs is loosing its ground personally i still think hatifani kudumper the local unit, let it go and find its own point of resting. kna rakambo gara paya pa80-85 range chakari bvisa ipapo chinongoda correction then all will be good

gvt is abusing the hard earned foreign currency by continously giving ppl mari yema machinery and equipment yet hapana zviru kuuya.

why dont they give details kuti tapa uyu neuyu kuti vatenge michina and give a period not more than 2wks to prove kuti ndabhadhara or ivo kubhadhara vega toona michina yacho ichito pinda failure of which munhu odzosa mari yedu simple.

bcoz these guys vari kpuwa mari ndivo vari kuuya kuzoi trader mustreet to get more from it without really investing it

AntonioElags 1 month ago

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<a href="">вавада 49</a>

Tang. Ku 3 months ago

Imbwa dzezanu dzakonewa ,,,,rowai pasi fokoro

xyz 3 months ago

ko vybz aripi,commentazve tihwe ,tula msindo...unotimbanei gomo.

Maravaza 3 months ago

It is now clear that the RtgsBond dollar is bidding farewell as the regime is carefully introducing the green back salaries as cushion/covid allowance. In fact the cushion allowance has more buying power than the rtgsbond dollar salary.

MT 3 months ago

My guess is that the RBZ is willingly devaluing the Rtgs I

Chapwititi Kestombela 3 months ago

This phonny auction system is a sheer waste of time. Yesterday the Minister of Finance admittedly said he doesn't know the real rate of RTGS$ to US$ 🤣🤣🤣🤔. Why can't you admit and pack your bags 🤔


Yvt 3 months ago

Zvarema both officially and unofficially kkkkkkkk.

Kobus 3 months ago

Ummm work rate .Zim dollar

Kobus 3 months ago

Thou we have the mind of using USD the rest of the nation

Vandem 3 months ago

It's better for u to be quiet than to tell us rubbish hezvo vamwe vakazozivisa maholiday enext year zvisina zvazvinotibatsira chingosiyai njuga dzarema idzi

Jah🇿🇼Tsvarie-07 3 months ago

It never rains but pours for the Rtgs$ against US$...

inini 3 months ago

bvisai zimdollar pliz takuvara

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