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*Zimbabwe Dollar Breaches $100 Mark To Average Over $105 Against US Dollar* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?rw The Zimbabwe dollar has continued to lose value against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, data from the RBZ forex auction conducted on Tuesday, 16 November 2021 shows. This week, the weighted average was US$1: ZWL$105.6965, a significant fall from last week’s rate that stood at US$1: ZWL$99.9301. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- This week, US$5.52 million was allocated to the Small to Medium Enterprises forex auction while US$36.22 million was allocated to the main forex auction. In total, US$41.74 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is down from the US$46.87 million allotted last week. 881 bids were received on the Small to Medium enterprises forex auction, with 693 accepted and 188 disqualified. The total number of bids allotted was 693. On the main forex auction, a total of 623 bids were received, 420 were accepted and 203 were disqualified. The total number of bids allotted was 420. The Reserve Bank of Zimbabwe (RBZ) said bids that were disqualified were not eligible in terms of the Priority List. Number of Bids Received 881 623 Number of Bids Disqualified 188 203 Total Number of Bids Accepted : 693 420 Total Number of Bids Allotted : 693 420 Total Value of Bids Accepted : USD5,520,428.32 USD36,228,651.92 Amount Allotted : USD5,520,428.32 USD36,228,651.92 Highest Rate Received : 120.0000 120.0000 Lowest Bid Rate Received : 98.0000 99.0000 Lowest Bid Rate Allotted : 98.0000 99.0000 Weighted Average Rate : 105.6965 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,405,954.73 17,774,247.85 Machinery and Equipment 1,922,137.75 8,131,714.77 Consumables (Incl. Spares, Tyres, Electricals, etc) 918,202.29 2,722,912.23 Services (Loans, Education, Dividends, Disinvestments, etc) 452,103.47 2,333,735.28 Retail and Distribution (Incl. Food, Beverages, etc) 444,542.24 2,392,568.40 Fuel, Electricity and Gas 16837.16 55,497.02 Pharmaceuticals and Chemicals 239,740.13 1,797,632.32 Paper and Packaging 120,964.55 1,020,344.05 TOTAL 5,520,482.32 36,228,651.92 GRAND TOTAL AWARDED 41,749,134.24 itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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