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RBZ Forex Auction Results: 22 February 2022 - Zimbabwe Dollar Continues Falling

RBZ Forex Auction Results: 22 February 2022 - Zimbabwe Dollar Continues Falling

The Zimbabwe dollar has lost further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction.

Data released by the central bank following the forex auction conducted on Tuesday, 22 February 2022 shows that the value of the local currency fell by $3.5015 against the US dollar.

This week the weighted average was US$1: ZWL$124.0189 down from the 15 February 2022 rate that stood at US$1: ZWL$120.5174.

In total, US$36.7 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is slightly lower than the US$37.2 millionallotted last week.

936 bids were received on the Small to Medium enterprises forex auction, with 839 accepted and 97 disqualified. The total number of bids allotted was 776.

On the main forex auction, a total of 538 bids were received, 485 were accepted and 53 were disqualified. The total number of bids allotted was 394.

In a statement seen by Pindula News, 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.

SMEFX76/2022 MAIN FX82/2022
Number of Bids Received : 936 538
Number of Bids Disqualified : 97 53
Total Number of Bids Accepted : 839 485
Total Number of Bids Allotted : 776 394
Total Value of Bids Accepted : USD7,711,548.81 USD36,033,474.97
Amount Allotted : USD7,214,768.53 USD29,581,020.42
Highest Rate Received : 137.0000 140.0000
Lowest Bid Rate Allotted : 120.0000 122.0000
Weighted Average Rate : 124.0189
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 130,438.48 12,073,964.75
Machinery and Equipment 3,393,868.67 7,337,379.27
Consumables (Incl. Spares, Tyres, Electricals, etc) 1,905,771.90 2,821,117.03
Services (Loans, Education, Dividends, Disinvestments, etc) 713,215.69 1,602,944.17
Retail and Distribution (Incl. Food, Beverages, etc) 559,499.28 3,325,877.60
Electricity 28,752.39 0.00
Pharmaceuticals and Chemicals 267,363.94 1,334,242.46
Paper and Packaging 215,858.18 1,085,495.14
TOTAL 7,214,768.53 29,581,020.42
GRAND TOTAL AWARDED 36,795,788.95

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18 Comments

Ndandi 2 months ago

The only way is dolarisation zimbabwe ndiyo nyika yega yekuti munhu anoshanda kuti atenge imwe mari for survival


Bidsa 2 months ago

Apo mari yacho anotengeserwa nemunhu asingashande

Mᴀʀᴀᴠᴀᴢᴀ 2 months ago

Cᴏᴍᴍᴀɴᴅ ᴇᴄᴏɴᴏᴍʏ ᴅᴏᴇs ɴᴏᴛ ᴡᴏʀᴋ, ʟᴇᴛ ᴍᴀʀᴋᴇᴛ ғᴏʀᴄᴇs ʀᴇɪɢɴ ᴛᴏ ɢɪᴠᴇ ᴀ ᴛʀᴜᴇ ᴄᴜʀʀᴇɴᴄʏ ʀᴀᴛɪɴɢ. ғᴜᴇʟ ᴘʀɪᴄᴇ ᴀʟᴡᴀʏs ɢɪᴠᴇ ᴛʀᴜᴇ ʀᴀᴛɪɴɢ ᴏғ ɢʀᴇᴇɴ ʙᴀᴄᴋ ᴛᴏ ʙᴏɴᴅ.


Dhuterere 2 months ago

Some pple are just here to let their ignorance out to the world. This comment section is supposed to add to knowledge of the subject matter of the story nt this empty sloganeering that is churned out everytym. Its better nt to comment if you have nothing of substance to contribute. Tired of the sh*t some of you empty-heads just dish out here..


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The Village Lawyer 2 months ago

CLEARLY THE GOVERNMENT OF ZIMBABWE AND THE MINISTRY OF FINANCE COMBINED WITH THE RESERVE BANK OF ZIMBABWE HAVE FAILED TO CONTROL THE ECONOMY. TRYING TO FIX AN EXCHANGE RATE EACH AND EVERYDAY IS NOT GOING TO ADRESS THE ISSUE OF A SKYROCKETING INFLATION. AS A MATTER OF FACT SWALLOW YOUR PRIDE AND LET THE NATION USE THE USD OFFICIALLY. AS MUCH AS YOU LIKE YOUR ZWD WE CAN USE IT AS CHANGE. COME DECEMBER 2022 WE WILL BE SITTING ON 1USD TO 1000ZWD. ABANDON THE USELESS ZWD AND MOVE TO THE MORE USEFUL AND POWERFUL CURRENCY. SWALLOW YOUR PRIDE AND ACCEPT THE DEFEAT.


Chairman 2 months ago

Iwe @Vybz Kartel, ndiwe mhandu kana uchida ****... mama wega why uchida **** nevanhu, pussy nigga awuna musoro since back then suffering and you still wanna suffer more again I doubt you normal

Baba ndamirira 2 months ago

@vybz Kartel pfungwa dzako ndedzeumhondi majaira kuponda vanhu. Zanu PF haina kuchena imhondi chete kuisira vanhu muchetura mu tea kukudubura vanhu netsaona mu road. Kupamba vanhu husiku. Kana pane Ari mu Zanu PF asiri kuuraya nyika ngaasimudze ruoko rwake mumoyo make. Mauraya nyika imi magandanga.

Vybz Kartel 2 months ago

Yeah zvimwe zvacho ma1 but Zanu PF ngaigare pa power chete timame. Ccc imhandu. Zanu PF inondiitira ED Pfeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
ED Pfeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
ED Pfeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Babalao 2 months ago

Even team Pfeee in my area is using the parallel market rate of $1:Rtgs 240 instead of their RBZ rste. That rate is truly fictitious.


Vybz Kartel 2 months ago

Zvakamama..isu to voter Zanu PF kuti timame takawanda...pasi ne Ccc...ndikuda ****


tatambura muZim 2 months ago

Magetsi Ku Unit K Seke Chutungwiza tane 1 week tinawo .I think Zanu deserves my vote .#Ed pfee mu Duzvi


Vybz Kartel 2 months ago

Mumba muzina Tv...hauna wardrobe.. do u want Chamisa to buy for u..mmama iwee..mZanu ndizvoooo

tatambura muZim 2 months ago

Wanker@ Vybz cartel Uri mubonyori mukuru chaiye . wabonyira nyika iyi ndati enough is enough

Vybz Kartel 2 months ago

Nyika iri bhoo iyi..Mamai vana ****. Zanu hupenyu hwangu..nsikudya nayo iwe uchimama... pamberi ne Zanu PF

tatambura muZim 2 months ago

**** ya sekuruvako vybz Nyika yaenda kumawere iyi dont you see Where are the police cars in your area Do you have fire brigade proper one .

Vybz Kartel 2 months ago

Iwe ndiws ****...**** you and your CCC

Yvt 2 months ago

The Zim dollar rate on the official exchange rate its still fictitious the true rate its 1:230 or more, the true rate its being used nana TM supermarket and chicken inn. Izvi ndezve fake and nobody uses that ratevre 1:124


mabhenzi akazara mu gvt 2 months ago

chimwe chimbendzi hanzi no dolarization



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