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*RBZ Forex Auction: Zimbabwe Dollar Weaken Further Against USD* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ot Results from the Reserve Bank of Zimbabwe (RBZ)’s Tuesday foreign exchange auction show that the Zimbabwe dollar continues to weaken against the United States Dollar (USD). The Zimbabwe dollar continues to weaken against the USD amid increased demand for the greenback following the reopening of the economy after putting it under a COVID-19-induced lockdown. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Results from the Tuesday, 18 May 2021 RBZ forex auction show that the weighted average fell slightly from US$1:ZWL$84.6140 last week to US$1: 6494 this week. This week US$6.2 million was allocated to the Small to Medium Enterprises forex auction while US$36.4 million was allocated to the main forex auction. In total, US$43 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. 445 bids were received on the Small to Medium enterprises forex auction, with 401 accepted and 44 disqualified. On the main forex auction, a total of 370 bids were received, 330 were accepted while 40 were disqualified. The Reserve Bank of Zimbabwe (RBZ) said bids that were disqualified were not eligible in terms of the Priority List. Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified. Some bids were allotted on a pro-rata basis to conform with the Import Priority List, the RBZ said. PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,435,735.01 14,096,917.34 Machinery and Equipment 1,374,209.84 6,645,605.09 Consumables (Incl. Spares, Tyres, Electricals, etc) 1,292,674.62 3,275,512.08 Services (Loans, Education, Dividends, Disinvestments, etc) 499,484.30 3,813,997.19 Retail and Distribution (Incl. Food, Beverages, etc) 571,009.09 3,418,523.43 Fuel, Electricity and Gas 237,187.42 1,297,258.26 Pharmaceuticals and Chemicals 432,355.91 2,798,134.81 Paper and Packaging 324,877.00 1,015,016.73 TOTAL 6,167,533.19 36,360,964.93 GRAND TOTAL AWARDED 42,528,498.12 RBZ Forex Auction: Zimbabwe Dollar Further Drops Against USD PDF: RBZ List Of Forex Auction System Beneficiaries RBZ Forex Auction: Zimbabwe Dollar Drops Against USD RBZ Forex Auction: Zimbabwe Dollar Firms Against USD RBZ’s List Of Forex Exchange Auction Beneficiaries Is Misleading – Magaisa More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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