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*RBZ Forex Auction Results - 09 November 2021*

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The Zimbabwe dollar has marginally lost value against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 09 November 2021.

This week, the weighted average was US$1: ZWL$99.9301, a slight depreciation from last week’s rate that stood at US$1: ZWL$98.9821.

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This week, US$11.08 million was allocated to the Small to Medium Enterprises forex auction while US$35.79 million was allocated to the main forex auction.

In total, US$46.87 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is up from the US$46.2 million  allotted last week.

1 283 bids were received on the Small to Medium enterprises forex auction, with 1 238 accepted and 45 disqualified. The total number of bids allotted was 1 238.

On the main forex auction, a total of 732 bids were received, 631 were accepted while 101 were disqualified. The total number of bids allotted was 631.

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.

Number of Bids Received
1283
732

Number of Bids Disqualified
45
101

Total Number of Bids Accepted
1238
631

Total Number of Bids Allotted
1238
631

Total Value of Bids Accepted :
USD11,081,207.54
USD41,737,520.60

Amount Allotted :
USD11,081,207.54
USD35,792,885.54

Highest Rate Received :
115.0000
115.0000

Lowest Bid Rate Received :
96.0000
97.1400

Lowest Bid Rate Allotted :
96.0000
97.1400

Weighted Average Rate :
99.9301

PURPOSE
AMOUNT ALLOTTED SME AUCTION
AMOUNT ALLOTTED MAIN AUCTION

Raw Materials
2,680,358.38
13,440,963.00

Machinery and Equipment
3,906,669.62
11,276,442.00

Consumables (Incl. Spares, Tyres, Electricals, etc)
1,621,803.73
2,755,134.32

Services (Loans, Education, Dividends, Disinvestments, etc)
1,030,215.16
2,391,255.59

Retail and Distribution (Incl. Food, Beverages, etc)
1,033,587.14
2,717,413.32

Fuel, Electricity and Gas
31605.49
61,963.54

Pharmaceuticals and Chemicals
554,207.68
2,070,566.65

Paper and Packaging
222,760.34
1,079,147.12

TOTAL
11,081,207.54
35,792,885.54

GRAND TOTAL AWARDED
 
46,874,093.08

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