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RBZ Forex Auction: Zimbabwe Dollar Official Rate As Of 24 January 2023

RBZ Forex Auction: Zimbabwe Dollar Official Rate As Of 24 January 2023

The Reserve Bank of Zimbabwe (RBZ) forex auction weighted average rate moved to US$1: ZWL$779.3101 on 24 January 2023, from the US$1: ZWL$732.0036 that was set on 17 January.

The central bank said a total of US$13,863,114.02 was allotted today, down from US$14,471,109.58, which was allotted last week.

The bulk of the allotment went to raw materials followed by machinery and equipment.

The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX119/2023) was  US$1,515,043.86.

The total amount allotted on the Main Forex Auction (MAIN FX125/2023) was US$12,348,070.16.

♦ Weighted Average Rate 779.310

How the money was allocated:

Raw Materials………………………………………………………………..US$7,387,486.93

Machinery and Equipment………………………………………………US$1,500,218.74

Consumables (Incl. Spares, Tyres, Electricals, etc)………………US$823,964.98

Services (Loans, Education, Dividends, Disinvestments, etc)…US$1,659,147.96

Retail and Distribution (Incl. Food, Beverages, etc) ……………..US$1,309,042.98

Pharmaceuticals and Chemicals …………………………………………US$552,832.63

Paper and Packaging …………………………………………………………US$630419.8

TOTAL Amount allotted for the SMEFX111/2022 …………. US$1,515,043.86

TOTAL Amount allotted for the MAIN FM117/2022 …… US$12,348,070.16

GRAND TOTAL AWARDED ………………………………… US$13,863,114.02

Notes

1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.

2. Some Bids were allotted on a pro-rata basis.

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17 Comments

4 days ago

The 200% interest on domestic borrowing is doing nothing than causing liquidity crunch and slowing down the economy. Let the interest rate float free as well as the exchange rate


RIP Zim dollar, strongest in the region 4 days ago

RIP Zim dollar, strongest in the region 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭


Fx 4 days ago

but Baba VaBhona vaizviita seyi ko kuty ZWL riite 1:1 ne US


Florence Nightingale 4 days ago

Tht was not the ZWL fool. Tht one was the Bond a surrogate of the USD. So for every USD in reserves there was a Bond note in circulation hence the 1:1

4 days ago

Kkk that guy was something else.
He had power to tell people to drop prices and they will do so swiftly.

Our current president is doing great he uses monetary measures to try and maintain the exchange rate unfortunately printing more money and people loosing confidence on Zim dollar is affecting our currency.

fx 4 days ago

but Baba VaBhona vaizviita seyi ko kuty ZWL riite 1:1 ne US


but Baba VaBhona vaizviita seyi ko kuty ZWL riite 1:1 ne US 4 days ago

but Baba VaBhona vaizviita seyi ko kuty ZWL riite 1:1 ne US


g 4 days ago

it was ginyanomics it wasnt its true value😂😂😂🤣🤣🤣

baba bona in heaven 4 days ago

😇😇😇😇😇 ginyanomics fo sho

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Hercukes 4 days ago

It keeps falling every Tuesday, it's going to be 2000 soon


4 days ago

If they make ZWL scarce like last time when he commented kuti there will come a time yekuti ue will look for Bond and fail to find any. Then that way they can temporarily stabilize ZWL

Zupco 4 days ago

Yooooh , am still waiting from ED s comment again .


Zambian kwacha 4 days ago

By-bye zanu rtgs ,bye bye


dhora dhora 3 days ago

bond is change money for money are dirty in one's brazers


stock 3 days ago

zvemari zvakaramba Kare kumanikidza and taridziko yacho hazvizofi zvakaita. Kudzana paRuware makumbo ndoanozvimba apa muchiudzwa kuti dzanisayi panopfumbuka pakabuda huruva dzamara makumbo azvimba vamwe vangotozogara pasi


bond 3 days ago

haaa zvemari hazvisi zvedu ngatidzokerei kubatter trade


Zuze 3 days ago

Nothing left to barter with. The Chinese have been given everything by ed Shweeee


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