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*RBZ Forex Auction Results – 01 February 2022*

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The value of the Zimbabwe dollar has continued to fall against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction.

Data released by the central bank following the forex auction conducted on Tuesday, 01 February 2022 indicates that the local currency fell by $1.2277 against the US dollar.

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This week the weighted average was US$1: ZWL116.6500 down from the 25 January 2022 rate that stood at US$1: ZWL$ $115.4223.

In total, US$37,548,580.33 was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is a little bit lower than the US$38 775 772.07 million allotted last week.

901 bids were received on the Small to Medium enterprises forex auction, with 783 accepted and 118 disqualified. The total number of bids allotted was 783.

On the main forex auction, a total of 546 bids were received, 460 were accepted and 86 were disqualified. The total number of bids allotted was 437.

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

Some bids were also allotted on a pro-rata basis.

SMEFX73/2022
MAIN FX79/2022

Number of Bids Received :
901
546

Number of Bids Disqualified :
118
86

Total Number of Bids Accepted :
783
460

Total Number of Bids Allotted :
783
437

Total Value of Bids Accepted :
USD6,773,484.47
USD32,275,383.86

Amount Allotted :
USD6,773,484.47
USD30,775,095.86

Highest Rate Received :
130.0000
132.5000

Lowest Bid Rate Received :
107.0000
108.0000

Lowest Bid Rate Allotted :
107.0000
112.8200

Weighted Average Rate :
116.6500

PURPOSE
AMOUNT ALLOTTED SME AUCTION
AMOUNT ALLOTTED MAIN AUCTION

Raw Materials
1,584,646.80
13,258,231.07

Machinery and Equipment
2,147,777.51
7,024,692.98

Consumables (Incl. Spares, Tyres, Electricals, etc)
961,908.64
2,750,638.64

Services (Loans, Education, Dividends, Disinvestments, etc)
1,053,903.16
1,922,356.55

Retail and Distribution (Incl. Food, Beverages, etc)
554,044.11
3,491,211.10

Electricity
10,000.00

Pharmaceuticals and Chemicals
314,122.62
1,490,692.27

Paper and Packaging
147,081.63
837,273.25

TOTAL
6,773,484.47
30,775,095.86

GRAND TOTAL AWARDED
 
37,548,580.33

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