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RBZ Forex Auction: Zimbabwe Dollar Official Rate 21 June 2022

RBZ Forex Auction: Zimbabwe Dollar Official Rate 21 June 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$1: ZWL$ 352.0626 from US$1: ZWL$338.4921 announced by the RBZ last week.

At this week’s RBZ foreign currency auction conducted on Tuesday, 21 June 2022, a total of US$24.8 millionwas allotted.

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

770 bids were received on the Small to Medium enterprises forex auction, with 698 accepted and 72 disqualified. The total number of bids allotted was 688.

On the main forex auction, a total of 279 bids were received, 257 were accepted and 22 were disqualified. The total number of bids allotted was 254.

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. 

SMEFX93/2022 MAIN FX99/2022
Number of Bids Received : 770 279
Number of Bids Disqualified : 72 22
Total Number of Bids Accepted : 698 257
Total Number of Bids Allotted : 688 254
Total Value of Bids Accepted : USD3,532,866.47 USD21,534,506.41
Amount Allotted : USD3,489,505.04 USD21,408,737.57
Highest Rate Received : 375.0000 375.0000
Lowest Bid Rate Allotted : 330.0000 330.0000
Weighted Average Rate : 352.0626
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 957,593.45 10,702,657.11
Machinery and Equipment 1,232,585.88 5,147,821.43
Consumables (Incl. Spares, Tyres, Electricals, etc) 374,354.35 1,119,943.76
Services (Loans, Education, Dividends, Disinvestments, etc) 309,683.41 1,306,746.74
Retail and Distribution (Incl. Food, Beverages, etc) 267,646.08 1,575,999.13
Electricity 0 59,485.00
Pharmaceuticals and Chemicals 176,963.70 1,088,300.65
Paper and Packaging 170,678.17 407,783.75
TOTAL 3,489,505.04 21,408,737.57
GRAND TOTAL AWARDED 24,898,242.61

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8 Comments

Gedion 2 weeks ago

chimbobvisai mazero risimukire dhora iro


Tkt 2 weeks ago

Nhai @Tsvarie,,,, homeboy chero ukapuwa list yacho it won't work.
Re-dollarization is not even the way to go.
Enforce the win-win policy 50% salaries or a minimum of 150 for every employee reduce pressure on the Forex markets I think that will work


Jah🇿🇼Tsvarie-07 2 weeks ago

All we asking for is a list of entities who got allotment for transperance...


Tateguru 2 weeks ago

This is why I hate salaries and wages that are increased by Percentages.
38,000 zwl is now officially USD $108 and about 63 USD if you get it from the black market.


Tkt 2 weeks ago

Right pakuda declaration yakaita seyatakaita paCovid19 app, ini ndakamira pasi petsoka dzeMwanakomana weMunhu


uuuu 2 weeks ago

pay yangu chero nebank rate haisviki 50 US


jonso 2 weeks ago

Moses wawusikhiphelani egibhithe manje sesisifa ngendlala enkangala


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Ediot 2 weeks ago

Chadhakwa chinhu ichi bvunzai Jenerari asati atora mumwe mukadzi



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