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RBZ Forex Auction Results – 29 March 2022

RBZ Forex Auction Results – 29 March 2022

The weighted average has fallen to US$1: ZWL$142.4237 from US$1: ZWL$138.1979 which was reported by the Reserve Bank of Zimbabwe (RBZ) last Tuesday, 15 March 2022.

In total, US$37.6 millionwas allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.

1 159 bids were received on the Small to Medium enterprises forex auction, with 1 085 accepted and 74 disqualified. The total number of bids allotted was 1 080.

On the main forex auction, a total of 449 bids were received, 413 were accepted and 36 were disqualified. The total number of bids allotted was 399.

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 1159 449
Number of Bids Disqualified 74 36
Total Number of Bids Accepted 1085 413
Total Number of Bids Allotted 1080 399
Total Value of Bids Accepted USD6,552,957.64 USD31,907,210.04
Amount Allotted USD6,548,579.22 USD31,062,799.46
Highest Rate Received 155.0000 155.0000
Lowest Bid Rate Allotted 134.0000 138.0000
Weighted Average Rate 142.4237
PURPOSE AMOUNT ALLOTTED FOR SME AUCTION AMOUNT ALLOTTED FOR MAIN AUCTION
Raw Materials 1,615,444.30 12,925,745.35
Machinery and Equipment 2,360,898.79 7,733,877.71
Consumables (Incl. Spares, Tyres, Electricals, etc) 978,058.20 2,750,273.25
Services (Loans, Education, Dividends, Disinvestments, etc) 575,063.56 2,462,416.33
Retail and Distribution (Incl. Food, Beverages, etc) 654,488.81 2,474,066.14
Electricity 16,436.96 263,817.96
Pharmaceuticals and Chemicals 232,066.98 1,623,231.17
Paper and Packaging 116,121.62 829,371.55
TOTAL 6,548,579.22 31,062,799.46
GRAND TOTAL AWARDED 37,611,378.68

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26 Comments

zvawafunga 3 months ago

tobacco industry ndopairikupa munhu 35000rtgs vanhu torarama sei mari isingakwane kana kubhadhara rent


ChiBhinzi 3 months ago

Strongest currency in Africa.... Hatisati tatanga as long zanu is still at the Helm


masvingo 3 months ago

yaaa you can rig the elections but not the economy, apa ndipo panonzi mushandi 20% salary increment inokwana kkkk economy irikutungamirirwa nema pofu hakuna kwatinoenda


beas 3 months ago

Rate ngarimbomirawo kani nhai!


mngane36 3 months ago

Second republic new dispensation forokototo.


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Mr President 3 months ago

Guys if you remember CCC's vice president HON Tendai BITI'S WORDS unobva waona kuty VAKOMANA VEZANU PF VAODZA NYIKA YEMADZIBABA EDU SURE .

INI NDOTOMBOFJNGA KUTU BOYS RIYA ANA MTULI VANOTOMBOKAKANGANWA BASA RAVO .
UM NDARWADZIWA DAI MWARI VATINZWIRA NYASHA SURE .

ASI KANA MWARI VACHIONA NEKUNZWA KUCHEMA KWEDU VAIFANA KUTIWANIRA NYASHA MUMAZISO AVO .

AMEN


Doctor 3 months ago

Now the rate is300 at black market


Makelanwi 3 months ago

It's one way traffic for RTGS,ndopaunonzwa kuti ZANU ichahwina muna 2023,ummm


Jah🇿🇼Tsvarie-07 3 months ago

Where are we*


Jah🇿🇼Tsvarie-07 3 months ago

Where are headed as a nation?
Its worse now for employees because companies now sent all their Rtgs$ to RBZ's auction floor leaving employees to go a week to two without being paid their salaries.

Companies have been refusing to pay in forex and now they can't pay in Rtgs$, its better we go back to US$ while Mthuli and Mangudya are still finding a solution.


Yvt 3 months ago

Magudya and the rest of his team including the finance minister should just resign vakoniwa. Clueless economists.


Daudi 3 months ago

Blackmakert was $1_zim240.bond.How much is it now


Daudi 3 months ago

Shame😭

Chapwititi Kestombela 3 months ago

Check 300 ikoko 🤣🤣🤣🤣

🚩 3 months ago

Pakaipa as bond keeps on shedding value. Bond notes are now used as Zupco tokens, the business community is rejecting them more than before


Vanessa Victoria 3 months ago

Hameno vanoshandira ana kamba, as for me ndakatanga ndichiwana $55 000 rtgs in august 2020,now ndikupihwa $120 000 rtgs, tsvagai mabasa vakomana nevasikana,


Jinx 3 months ago

Male gold digger 🤣.
Savage. All dignity lost

Victoria Vanessa 3 months ago

@ Vybz Gokwe Kartel, am sorry handifarire kudanana nema gold digger

Vbyz Gokwe Kartel 3 months ago

I love you

Prince Toga 3 months ago

Was shocked this afternoon ndaona rate yachinja kkkkkkk


Chapwititi Kestombela 3 months ago

Reality check!!! Economy tells the true story of leadership that we currently have. A whole minister of finance doesn't know the official exchange rate of ZWL to US$ 🤣🤣🤣🤣🤣. The rate has changed again this afternoon!!! Will we survive in this NEW DECEPTION??? 🤔


Chasura Buddington 3 months ago

Hamunyepi elder, RTGS$ yatakawedzerwa haichatenga already!!!

joma 3 months ago

Haaa as long as tine rtgs hapana kwatiri kuendaa. Inhema dzega dzega idzo.


Ganyani 3 months ago

ko yava kuita sei strongest currency


Jinx 3 months ago

🤣.
Strongest currency in the region

SADZA 3 months ago

😂😂😂😂
🤣🤣🤣🤣
😅😅😅😅


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