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*RBZ Forex Auction Results – 29 March 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dr The weighted average has fallen to US$1: ZWL$142.4237 from US$1: ZWL$138.1979 which was reported by the Reserve Bank of Zimbabwe (RBZ) last Tuesday, 15 March 2022. In total, US$37.6 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- 1 159 bids were received on the Small to Medium enterprises forex auction, with 1 085 accepted and 74 disqualified. The total number of bids allotted was 1 080. On the main forex auction, a total of 449 bids were received, 413 were accepted and 36 were disqualified. The total number of bids allotted was 399. The RBZ said 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 1159 449 Number of Bids Disqualified 74 36 Total Number of Bids Accepted 1085 413 Total Number of Bids Allotted 1080 399 Total Value of Bids Accepted USD6,552,957.64 USD31,907,210.04 Amount Allotted USD6,548,579.22 USD31,062,799.46 Highest Rate Received 155.0000 155.0000 Lowest Bid Rate Allotted 134.0000 138.0000 Weighted Average Rate 142.4237 PURPOSE AMOUNT ALLOTTED FOR SME AUCTION AMOUNT ALLOTTED FOR MAIN AUCTION Raw Materials 1,615,444.30 12,925,745.35 Machinery and Equipment 2,360,898.79 7,733,877.71 Consumables (Incl. Spares, Tyres, Electricals, etc) 978,058.20 2,750,273.25 Services (Loans, Education, Dividends, Disinvestments, etc) 575,063.56 2,462,416.33 Retail and Distribution (Incl. Food, Beverages, etc) 654,488.81 2,474,066.14 Electricity 16,436.96 263,817.96 Pharmaceuticals and Chemicals 232,066.98 1,623,231.17 Paper and Packaging 116,121.62 829,371.55 TOTAL 6,548,579.22 31,062,799.46 GRAND TOTAL AWARDED 37,611,378.68 *More: Pindula News* 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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