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*RBZ Forex Auction Results – 15 February 2022*

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The Zimbabwe dollar has lost further ground 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, 15 February 2022 shows that the value of the local currency fell by $1.6426 against the US dollar.

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This week the weighted average was US$1: ZWL$120.5174 down from the 08 February 2022 rate that stood at US$1: ZWL$118.8748.

In total, US$37,204,902.66 was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is slightly higher than the US$37,160,200.79 allotted last week.

934 bids were received on the Small to Medium enterprises forex auction, with 844 accepted and 99 disqualified. The total number of bids allotted was 844.

On the main forex auction, a total of 546 bids were received, 468 were accepted and 78 were disqualified. The total number of bids allotted was 420.

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.

Number of Bids Received :
943
546

Number of Bids Disqualified
99
78

Total Number of Bids Accepted :
844
468

Total Number of Bids Allotted :
844
420

Total Value of Bids Accepted :
USD7,616,125.91
USD32,773,390.85

Amount Allotted :
USD7,616,125.91
USD29,588,776.75

Highest Rate Received :
135.0000
135.0000

Lowest Bid Rate Allotted :
115.0000
119.0000

Weighted Average Rate :
120.5174

PURPOSE
AMOUNT ALLOTTED SME AUCTION
AMOUNT ALLOTTED MAIN AUCTION

Raw Materials
1,724,096.74
11,949,968.63

Machinery and Equipment
2,571,095.35
6,788,161.77

Consumables (Incl. Spares, Tyres, Electricals, etc)
1,140,156.52
3,199,010.56

Services (Loans, Education, Dividends, Disinvestments, etc)
1,051,993.40
2,639,725.86

Retail and Distribution (Incl. Food, Beverages, etc)
617,456.92
2,970,176.75

Electricity
31,770.53
113,813.32

Pharmaceuticals and Chemicals
286,990.42
1,298,853.00

Paper and Packaging
192,566.03
629,066.86

TOTAL
7,616,125.91
29,588,776.75

GRAND TOTAL AWARDED
37,204,902.66

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