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RBZ Forex Auction Results - 30 November 2021

RBZ Forex Auction Results - 30 November 2021

The Zimbabwe dollar marginally gained against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, data from the RBZ forex auction conducted on Tuesday, 30 November 2021 shows.

This week, the weighted average was US$1: ZWL$105.6896 down from last week’s rate that stood at US$1: ZWLZWL$105.6684.

In total, US$39 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is down from the US$41.95 million allotted last week.

923 bids were received on the Small to Medium enterprises forex auction, with 612 accepted and 311 disqualified. The total number of bids allotted was 612.

On the main forex auction, a total of 604 bids were received, 368 were accepted and 236 were disqualified. The total number of bids allotted was 368.

Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified.

                                                              SMEFX68/2021 MAIN FX74/2021 
Number of Bids Received : 923 604
Number of Bids Disqualified : 311 236
Total Number of Bids Accepted : 612 368
Total Number of Bids Allotted : 612 368
Total Value of Bids Accepted : USD6,466,518.27 USD32,681,877.66
Amount Allotted : USD6,466,518.27 USD32,681.877.66
Highest Rate Received : 125.0000 120.0000
Lowest Bid Rate Received : 100.0000 100.0000
Lowest Bid Rate Allotted : 100.0000 100.0000
Weighted Average Rate : 105.6896  
Raw Materials 2,027,946.14 12,886,823.83
Machinery and Equipment 2,134,470.16 9,563,903.99
Consumables (Incl. Spares, Tyres, Electricals, etc) 813,235.15 3,098,825.50
Services (Loans, Education, Dividends, Disinvestments, etc) 549,730.63 1,972,011.01
Retail and Distribution (Incl. Food, Beverages, etc) 467,852.29 2,506,916.23
Fuel, Electricity and Gas 160,008.59
Pharmaceuticals and Chemicals 344,411.39 1,830,950.66
Paper and Packaging 128,872.51 662,437.85
TOTAL 6,466,518.27 32,681,877.66
GRAND TOTAL AWARDED 39,148,395.93  

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