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RBZ Forex Auction: Zimbabwe Dollar Official Rate 19 July 2022

RBZ Forex Auction: Zimbabwe Dollar Official Rate 19 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$403.4048 from US$1: ZWL$391.5339 announced by the RBZ last week.

At this week’s RBZ foreign currency auction conducted on Tuesday, 19 July 2022, a total of US$22.92 millionwas allotted.

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

594 bids were received on the Small to Medium Enterprises Forex Auction, with 569 accepted and 25 disqualified. The total number of bids allotted was 550.

On the Main Forex Auction, a total of 214 bids were received, 206 were accepted and were disqualified. The total number of bids allotted was 200.

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. 

                                                                                                SMEFX96/2022: MAIN FX102/2022
Number of Bids Received : 594 214
Number of Bids Disqualified : 25 8
Total Number of Bids Accepted : 569 206
Total Number of Bids Allotted : 550 200
Total Value of Bids Accepted : USD3,867,264.37 USD19,685,492.47
Amount Allotted : USD3,762,731.31 USD19,161,542.54
Highest Rate Received : 450.0000 442.0000
Lowest Bid Rate Allotted : 382.0000 385.0000
Weighted Average Rate : 403.4048
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,140,296.19 10,097,040.50
Machinery and Equipment 1,388,815.64 3,897,765.28
Consumables (Incl. Spares, Tyres, Electricals, etc) 419,958.82 1,089,414.52
Services (Loans, Education, Dividends, Disinvestments, etc) 381,314.78 1,678,373.14
Retail and Distribution (Incl. Food, Beverages, etc) 269,662.01 1,172,171.43
Electricity 3,068.45
Pharmaceuticals and Chemicals 89,833.90 477,217.61
Paper and Packaging 69,781.52 749,560.06
TOTAL 3,762,731.31 19,161,542.54
GRAND TOTAL AWARDED 22,924,273.85

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31 Comments

Jah🇿🇼Tsvarie-07 3 weeks ago

Am waiting to see the rate after the introduction of gold coin 😂 Mazimba anofarira mari inogara pa**** kwete kubank, worse kuzonyora bank slip kuti
TWO MILLION SIX HUNDRED AND TWENTY THOUSAND DOLLARS SEVENTY FOUR CENTS ONLY 🤔


pa da ko 3 weeks ago

jus that 😂


pick n pay manager 3 weeks ago

then you expect our to remain stable.NO.sugar will be rtgs 2100 tomorow morning.


WILLIAM SONBOY CHINEMBIRI 3 weeks ago

Our dollar is going to rebound on the backdrop of the selling our gold coins. It is the west and it's allies who have put sanctions and their puppets the ccc parasite who are sabotaging our economy. We shall over come them.

[REGISTER TO VOTE AND VOTE ZANU PF ]
YOURS FAITHFULLY
WILLIAM SONBOY CHINEMBIRI


Jinn 3 weeks ago

🤣🤣🤣🤣🤣🤣 ayas

zimcitizen 3 weeks ago

Uri dununu remunhu

W. S. C 3 weeks ago

Wake up your coffee ☕ is getting cold. 😂 😂 😂 😂 😂 😂 😂.

xyz 3 weeks ago

vaMtuli ndavataure tinzwe........rambai makashinga,we are on a recovery path.


ZANU PF 3 weeks ago

The economy will pick, economics will tell you that weaken the local currency to span growth in the productive sector, cost of production inclusive of labour cost must go down first.


😂 3 weeks ago

Haha 😂 so you say! 😂 😂
Stay tuned for more comedy 😂.

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Chahototo 3 weeks ago

CCC cult secret society members do not understand that we are moving towards convergence of the interbank rate and the black market. Very soon the Zim Dollar will stabilize on the back of the soon to be introduced gold coins. Please note that the gold coins are not intended for you poor people on Pindula. We are targeting companies and individuals with real cash whose activities on the parallel market have a bearing on the exchange rate. Imi twenyu tuma 2 cents twamunochinjana kuna 4th nepa Ximex hatuna basa utwo.
2023 ED Pfeeeeee


replier 3 weeks ago

Are you even aware that the revenue of the companies you talk of are a fraction compared to that of the informal economy
So dont flaunt your ignorance and purport to be better than other persons
Too much ZBC is damaging your perspective hence the bias, gvt charges its passports in us$ and so does zimsec, local councils, fuel stations the Zwls is not money

Chahototo 3 weeks ago

@Yoweee...Our economic fundamentals are sound but our currency is being attacked by CCC cult secret society aligned businesses. We know them and we are gunning for them. Not that I expect you hero worshipping cult members to understand.

2023 ED Pfeeeeee

Jah🇿🇼Tsvarie-07 3 weeks ago

Ndakaverenga pakanzi na President takabata vema bank vaiita zvisiri pamutemo
hanzi tavabata vakakumbira ruregerero neshamu inemunyu muchiwande 😂

hakuna court inovinga munhu kumba...


Individual. 3 weeks ago

"Companies and individuals with real cash " usd dollars. Sell them an overvalued gold coin to mop up the USD.
Our economy is in free fall due to your bright ideas 😂. 😢.


Tari 3 weeks ago

vapengomunoti Mari yedu inoita renounce kana Gold coin ratengeswa vangani vedu vanotenga kana rimwe haro ,hamusi kuona kuti macartels ari kuronga final looting , majority ichingoti zvichanaka ,nxaaaa


Chahototo 3 weeks ago

@ Tari,, we don't expect poor people like you to be buying the gold coins.

Sca 3 weeks ago

Vote CCC and your lives will change within a day's time.


Crocodile 3 weeks ago

@Chahototo zivai kuti economics nekusupporter Zanu zvinhu 2 zvakasiyana saka hapana zviripo nechibato chenyu chauraya nyika


WILLIAM SONBOY CHINEMBIRI 3 weeks ago

Getaway fokoro mhani ccc Haina kana policy yepundutso basa kughona kuukura pama social media p@nyo pako mhani

Jim Kunaka 3 weeks ago

Vote Jim Kunaka and you will buy bread at 20 cent, get soup for free, education for free, health for free


parallel 3 weeks ago

hokoyo neshamhu ine munyu


INTERESTED ONLOOKER 3 weeks ago

How many people will afford to buy the gold coin @US$1600 each? Its pure daydreaming to think that the run away inflation will be arrested by the introduction of the gold coins. Todays auction rate 400 against the black market rate 1000. Hazvifi zvakasangana. Its goodbye to the Zim$.


Chigure 3 weeks ago

Zvitori bhoo,vafana veccc shandai muite mari don't be **** let alone lazy to the extent of expecting the govt to feed you mumba mako.


Tagwirei 3 weeks ago

Nothing is going to happen, even if that gold coin has been introduced becoz its cost is too much for the pipo of Zimbabwe. Tell me how many of us here can buy it,so don't support rubbish thinking that things will be fine very soon but its getting worse than you think.

Vote wisely take your time to allocate your choice on the right person, don't make mistake, zim is reach but some are making it a source of income so???????? The choice is yours.


Sekuru Dhambi 3 weeks ago

Hokoyo nema "brasso"


Black Market 3 weeks ago

The strongest currency kkkkkkk


Gafa 3 weeks ago

Citizens are just doing the opposite of what Zanu says makabira vanhu vamaitungamira kubva kuna Gono upto nwHazvifambi brakes are on tyires are flate



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