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RBZ Forex Auction: Zimbabwe Dollar Official Rate 12 July 2022

RBZ Forex Auction: Zimbabwe Dollar Official Rate 12 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$391.5339 from US$1: ZWL$ 379.2280 announced by the RBZ last week.

At this week’s RBZ foreign currency auction conducted on Tuesday, 12 July 2022, a total of US$23.56 millionwas allotted.

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

643 bids were received on the Small to Medium Enterprises Forex Auction, with 610 accepted and 33 disqualified. The total number of bids allotted was 601.

On the Main Forex Auction, a total of 212 bids were received, 206 were accepted and were disqualified. The total number of bids allotted was 206.

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 : 643 212
Number of Bids Disqualified : 33 6
Total Number of Bids Accepted : 610 206
Total Number of Bids Allotted : 601 206
Total Value of Bids Accepted : USD4,109,266.59 USD19,506,514.99
Amount Allotted : USD4,053,982.01 USD19,506,514.99
Highest Rate Received : 420.0000 424.0000
Lowest Bid Rate Allotted : 366.0000 368.6400
Weighted Average Rate : 391.5339
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,311,715.92 9,854,894.09
Machinery and Equipment 1,311,033.71 4,331,443.64
Consumables (Incl. Spares, Tyres, Electricals, etc) 473,074.74 1,259,342.76
Services (Loans, Education, Dividends, Disinvestments, etc) 429,228.96 1,211,749.42
Retail and Distribution (Incl. Food, Beverages, etc) 291,251.46 1,302,076.56
Electricity 4,737.84 0.00
Pharmaceuticals and Chemicals 175,165.41 701,125.19
Paper and Packaging 57,773.97 845,883.33
TOTAL 4,053,982.01 19,506,514.99
GRAND TOTAL AWARDED 23,560,497.00

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5 Comments

Jah🇿🇼Tsvarie-07 1 month ago

it nevet rains for Mthuli it pours on Mangudya's Rtgs$ 😂


Machiavelli 1 month ago

One way traffic for The one trick pony 🔻🔽⏬

xyz 1 month ago

mtuli ngaatitsanangurirewo kuti izvi zvinorevei pahupfumi hwenyika nemararamiro evanhu,isu vamwe hatinyatso nzwisisi chirungu.


𝐋𝐞𝐭𝐭𝐞𝐫 𝐭𝐨 𝐌𝐚𝐧𝐠𝐮𝐝𝐲𝐚 1 month ago

𝓓𝓮𝓪𝓻 𝓒𝓸𝓶𝓻𝓪𝓭𝓮 𝓜𝓪𝓷𝓰𝓾𝓭𝔂𝓪,
𝓟𝓵𝓲𝔃 𝓷𝓮𝔁𝓽 𝓽𝓲𝓶𝓮 𝔂𝓸𝓾 𝓹𝓻𝓲𝓷𝓽 𝔂𝓸𝓾𝓻 𝓾𝓼𝓮𝓵𝓮𝓼𝓼 𝓫𝓸𝓷𝓭 𝓷𝓸𝓽𝓮𝓼 𝓲𝓷𝓬𝓵𝓾𝓭𝓮 𝓪 𝓞𝓷𝓮 𝓣𝓱𝓸𝓾𝓼𝓪𝓷𝓭 𝓫𝓸𝓷𝓭 𝓫𝓲𝓵𝓵 𝓽𝓱𝓪𝓽 𝔀𝓸𝓾𝓵𝓭 𝓫𝓮 𝓬𝓪𝓹𝓪𝓫𝓵𝓮 𝓸𝓯 𝓫𝓾𝔂𝓲𝓷𝓰 𝓫𝓻𝓮𝓪𝓭 ,𝓽𝓪𝓷𝔃𝔀𝓪 𝓷𝓮𝓴𝓾𝓽𝓪𝓴𝓾𝓻𝓪 𝓶𝓪𝓼𝓪𝓰𝓪 𝓮𝓶𝓪𝓻𝓲 𝓲𝓼𝓲𝓷𝓰𝓪𝓽𝓮𝓷𝓰𝓲 𝓬𝓱𝓾𝓷𝓾.

𝓝𝓭𝓲𝓷𝓲
𝓟𝓸𝓿𝓸 𝓨𝓪𝓻𝓪𝓶𝓫𝓪


lady ju 1 month ago

dira rizare



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