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*RBZ Forex Auction: Zimbabwe Dollar Official Rate 26 July 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dk The Zimbabwe dollar continued to shed value against the United States dollar as observed at today’s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ). The foreign exchange weighted average rate has fallen to US$1: ZWL$416.2890 from US$1: ZWL$403.4048 announced by the RBZ last week. ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- At this week’s RBZ foreign currency auction conducted on Tuesday, 26 July 2022, a total of US$24.1 million was allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week. 704 bids were received on the Small to Medium Enterprises Forex Auction, with 640 accepted and 64 disqualified. The total number of bids allotted was 620. On the Main Forex Auction, a total of 236 bids were received, 223 were accepted and 13 were disqualified. The total number of bids allotted was 221. 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. SMEFX97/2022: MAIN FX103/2022 Number of Bids Received : 704 236 Number of Bids Disqualified : 64 13 Total Number of Bids Accepted : 640 223 Total Number of Bids Allotted : 620 221 Total Value of Bids Accepted : USD4,430,341.14 JSD19,865,492.03 Amount Allotted : USD4,321,097.28 USD19,787,360.03 Highest Rate Received : 500.0000 490.0000 Lowest Bid Rate Allotted : 398.0000 399.0000 Weighted Average Rate : 416.2890 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,245,137.24 10,699,121.87 Machinery and Equipment 1,623,759.77 4,211,595.65 Consumables (Incl. Spares, Tyres, Electricals, etc) 471,701.87 1,370,024.51 Services (Loans, Education, Dividends, Disinvestments, etc) 430,799.05 1,594,852.38 Retail and Distribution (Incl. Food, Beverages, etc) 303,690.14 1,024,040.24 Electricity 0.00 Pharmaceuticals and Chemicals 125,599.67 660,457.97 Paper and Packaging 120,409.54 227,267.41 TOTAL 4,321,097.28 19,787,360.03 GRAND TOTAL AWARDED 24,108,457.31 *Notes* 1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified. 2. Some Bids were allotted on a pro-rata basis. 3. Willing buyer Willing Seller Bid Rate as at 22 July 2022 was ZWL397.3119 RESERVE BANK OF ZIMBABWE 26 July 2022 *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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