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*RBZ Forex Auction: Zimbabwe Dollar Official Rate As Of 24 January 2023* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hb The Reserve Bank of Zimbabwe (RBZ) forex auction weighted average rate moved to US$1: ZWL$779.3101 on 24 January 2023, from the US$1: ZWL$732.0036 that was set on 17 January. The central bank said a total of US$13,863,114.02 was allotted today, down from US$14,471,109.58, which was allotted 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 ---------- The bulk of the allotment went to raw materials followed by machinery and equipment. The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX119/2023) was US$1,515,043.86. The total amount allotted on the Main Forex Auction (MAIN FX125/2023) was US$12,348,070.16. > ♦ Weighted Average Rate 779.310 *How the money was allocated:* Raw Materials………………………………………………………………..US$7,387,486.93 Machinery and Equipment………………………………………………US$1,500,218.74 Consumables (Incl. Spares, Tyres, Electricals, etc)………………US$823,964.98 Services (Loans, Education, Dividends, Disinvestments, etc)…US$1,659,147.96 Retail and Distribution (Incl. Food, Beverages, etc) ……………..US$1,309,042.98 Pharmaceuticals and Chemicals …………………………………………US$552,832.63 Paper and Packaging …………………………………………………………US$630419.8 TOTAL Amount allotted for the SMEFX111/2022 …………. US$1,515,043.86 TOTAL Amount allotted for the MAIN FM117/2022 …… US$12,348,070.16 GRAND TOTAL AWARDED ………………………………… US$13,863,114.02 *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. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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