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*RBZ Foreign Currency Auction: Zimbabwe Dollar Continues To Shed Value Against USD* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xe The Zimbabwe dollar has continued to lose value against the US dollar on the Reserve Bank of Zimbabwe (RBZ) forex auction. On Tuesday, 26 April 2022, the weighted average fell to US$1: 159.3482 ZWL$ from US$1: ZWL$155.1419 which was reported by the RBZ on 20 April. ---------- 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_ ---------- In total, US$30.4 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. 920 bids were received on the Small to Medium enterprises forex auction, with 869 accepted and 51 disqualified. The total number of bids allotted was 869. On the main forex auction, a total of 428 bids were received, 392 were accepted and 36 were disqualified. The total number of bids allotted was 392. 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. FOREIGN EXCHANGE AUCTION RESULTS 26 APRIL 2022 SMEFX85/2022 MAIN FX91/2022 Number of Bids Received : 920 428 Number of Bids Disqualified : 51 36 Total Number of Bids Accepted : 869 392 Total Number of Bids Allotted : 869 392 Total Value of Bids Accepted : USD4,522,761.60 USD25,936,487.43 Amount Allotted : USD4,522,761.60 USD25,936,487.43 Highest Rate Received : 180.0000 180.00000 Lowest Bid Rate Allotted : 145.0000 148.0000 Weighted Average Rate : 159.3482 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,219,251.74 12,957,459.57 Machinery and Equipment 1,527,835.83 5,419,206.84 Consumables (Incl. Spares, Tyres, Electricals, etc) 534,565.97 1,867,234.18 Services (Loans, Education, Dividends, Disinvestments, etc) 478,934.09 1,322,872.33 Retail and Distribution (Incl. Food, Beverages, etc) 416,713.86 2,151,740.28 Electricity 9,847.44 100,000.00 Pharmaceuticals and Chemicals 193,164.92 1,262,149.08 Paper and Packaging 142,447.75 855,825.15 TOTAL 4,522,761.60 25,936,487.43 GRAND TOTAL AWARDED 30,459,249.03 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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