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*RBZ Forex Auction Results – 03 May 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?kt The foreign exchange weighted average rate has fallen to US$1: ZWL$165.9942 from US$1: ZWL$159.3482 which was reported by the Reserve Bank of Zimbabwe (RBZ) on 26 April. At this week’s forex auction conducted on 03 May, a total of US$28.6 million was allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- 1 151 bids were received on the Small to Medium enterprises forex auction, with 1 082 accepted and 69 disqualified. The total number of bids allotted was 1 082. On the main forex auction, a total of 474 bids were received, 429 were accepted and 45 were disqualified. The total number of bids allotted was 429. The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified. Some bids were also allotted on a pro-rata basis. Number of Bids Received : 1151 Number of Bids Disqualified : 69 Total Number of Bids Accepted : 1082 Total Number of Bids Allotted : 1082 Total Value of Bids Accepted : USD4,579,271.64 Amount Allotted : USD4,579,271.64 Highest Rate Received : 240.0000 Lowest Bid Rate Allotted : 155.0000 Weighted Average Rate : 165.9942 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,206,244.02 11,325,102.37 Machinery and Equipment 1,598,573.38 6,120,869.88 Consumables (Incl. Spares, Tyres, Electricals, etc) 581,984.96 1,532,512.07 Services (Loans, Education, Dividends, Disinvestments, etc) 541,832.93 1,686,903.52 Retail and Distribution (Incl. Food, Beverages, etc) 340,436.92 1,495,432.16 Electricity 17,617.97 21,973.60 Pharmaceuticals and Chemicals 162,982.00 1,265,094.94 Paper and Packaging 129,599.46 622,569.09 TOTAL 4,579,271.64 24,070,457.63 GRAND TOTAL AWARDED 28,649,729.27 *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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