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RBZ Forex Auction: Zimbabwe Dollar Official Rate 05 July 2022

RBZ Forex Auction: Zimbabwe Dollar Official Rate 05 July 2022

The Zimbabwe dollar continued to shed value against the United States dollar as observed at today’s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ).

The foreign exchange weighted average rate has fallen to US$1: ZWL$379.2280 from US$1: ZWL$366.2687 announced by the RBZ last week.

At this week’s RBZ foreign currency auction conducted on Tuesday, 28 June 2022, a total of US$23.3 millionwas allotted.

The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.

661 bids were received on the Small to Medium Enterprises Forex Auction, with 631 accepted and 30 disqualified. The total number of bids allotted was 623.

On the Main Forex Auction, a total of 232 bids were received, 225 were accepted and 7 were disqualified. The total number of bids allotted was 223.

The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.

Some bids were also allotted on a pro-rata basis. 

SMEFX95/2022 MAIN FX101/2022
Number of Bids Received : 661 232
Number of Bids Disqualified : 30 7
Total Number of Bids Accepted : 631 225
Total Number of Bids Allotted : 623 223
Total Value of Bids Accepted : USD3,747,679.66 USD19,749,893.72
Amount Allotted : USD3,714,582.77 USD19,678,200.34
Highest Rate Received : 405.0000 405.0000
Lowest Bid Rate Allotted : 357.0000 358.0000
Weighted Average Rate : 379.2280
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,053,813.06 10,392,012.65
Machinery and Equipment 1,325,359.34 3,713,592.90
Consumables (Incl. Spares, Tyres, Electricals, etc) 465,415.84 1,126,749.29
Services (Loans, Education, Dividends, Disinvestments, etc) 346,621.19 1,939,083.34
Retail and Distribution (Incl. Food, Beverages, etc) 228,776.94 1,324,487.84
Electricity 7,106.76 49,429.56
Pharmaceuticals and Chemicals 167,888.76 753,905.51
Paper and Packaging 119,600.88 378,939.25
TOTAL 3,714,582.77 19,678,200.34
GRAND TOTAL AWARDED 23,392,783.11

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17 Comments

✈✈✈ 1 month ago

famba rate famba 😂😂😂


Oskid 1 month ago

Vanoridiiko bond vanhu ivava harishandi iro besides bringing chaos


Blue 💙 1 month ago

Which chaos are you talking about?

Anonymous 1 month ago

rikudonhaka dhora renyu


VYBZ KARTEL 1 month ago

Ehe nderedu ende akuna kwariri kuenda asvotwa ngarutse

Blue 💙 1 month ago

Renyu ani? It's for Zimbabweans

Mhazi Chirumanzu 1 month ago

The sequence of events:

- Zimdollar
- Traveler's Cheque
- Agro bills
- Bearer cheque
- Bond coin
- Bond note
- RTGS dollar
- Zimbabwe dollar
- Gold coins

Handei tione


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Mangudya 1 month ago

Ndazvitadza ini hapana ane mamwe maideas here andibatsirewo.


poorvho 1 month ago

Just resign

mai D 1 month ago

@blue nakartel ndimi motituma kutaura zvinyadzi imi..aa **** enyu mhani..kana misina zvekutaura munonyarara nxaa


VYBZ KARTEL 1 month ago

Mai D mimba iyo irikukunetsa

Blue 💙 1 month ago

Provide for your own family imi 😂. Chamisa is not going to butter your bread 🍞

Skies metro 1 month ago

Uyawa unehanda...batheli isand abafana,...akudleki


Jah🇿🇼Tsvarie-07 1 month ago

@Skies metro
Bayayithela abadlali abafana njalo bavele batsho bathi bazoyithela and sibhalwe banyile.
Smoko nxa inkunzi ezimbili zisilwa kulimala thina utshani 😂
Bathi babona ukuthi babesenza iphutha kudala ngokuthela inhlabathi ngemva kokhetho, khathesi sebethela inhlabathi ukhetho lungakenziwa ukuze umuntu athi esiyangena endlini yokhetho elambile abe lengqondo...


Jinn 1 month ago

Inhlabathi ayithelwe 🤣🤣🤣🤣


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