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*RBZ Forex Auction Results – 12 April 2022*

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The Zimbabwe dollar has continued to lose value against the US dollar on the Reserve Bank of Zimbabwe (RBZ) forex auction.

On Tuesday, 12 April 2022, the weighted average fell to US$1: ZWL$150.2157 from US$1: ZWL$145.8721 which was reported by the RBZ the previous week.

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In total, US$32.0 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.

1 052 bids were received on the Small to Medium enterprises forex auction, with 989 accepted and 63 disqualified. The total number of bids allotted was 989.

On the main forex auction, a total of 426 bids were received, 389 were accepted and 37 were disqualified. The total number of bids allotted was 389.

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 :

SMEFX82/2022

1052

MAIN FX88/2022

426

Number of Bids Disqualified :
63
37

Total Number of Bids Accepted :
989
389

Total Number of Bids Allotted :
989
389

Total Value of Bids Accepted :
USD3,702,817.86
USD28,340,493.17

Amount Allotted :
USD3,702,817.86
USD28,340,493.11

Highest Rate Received :
160.0000
160.000

Lowest Bid Rate Allotted :
135.0000
142.0000

Weighted Average Rate :
150.2157

PURPOSE
AMOUNT ALLOTTED SME AUCTION
AMOUNT ALLOTTED MAIN AUCTION

Raw Materials
999,034.76
12,472,455.22

Machinery and Equipment
1,335,612.26
6,541,458.23

Consumables (Incl. Spares, Tyres, Electricals, etc)
464,584.40
2,333,023.45

Services (Loans, Education, Dividends, Disinvestments, etc)
390,693.30
2,072,381.50

Retail and Distribution (Incl. Food, Beverages, etc)
315,999.45
2,673,241.77

Electricity
11,807.00
50,000.00

Pharmaceuticals and Chemicals
124,064.76
1,212,463.34

Paper and Packaging
61,021.93
985,469.66

TOTAL
3,702,817.86
28,340,493.17

GRAND TOTAL AWARDED
 
32,043,311.03

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