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*Zimbabwe Dollar Makes A marginal Gain, Rate At 83.32*

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The Zimbabwe dollar marginally gained against the United States dollar on this week’s combined SMEs and Main Foreign Exchange Auction.

This week the weighted average was sitting at ZWL$83.3209, up from last week’s weighted average of ZWL$83.3994, thus making a marginal gain of ZWL$0.0785.

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itel A70 256GB
$99USD

WhatsApp: https://wa.me/263715068543
Calls: 0772464000
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This is the first time that there has been a bounceback of the local currency since the inception of the auction.

The full results are as follows:

SME Auction #5
Main Auction #11

Amount Allotted
US$976 403.52
US$15 039 656.10

The Highest Rate
86.0000
87.5000

The Lowest Rate
76.5000
76.0000

Lowest Accepted Rate
76.5000
76.0000

Total Bids Accepted
US$976 403.52
US$15 039 656.10

Number of Bids Received
75
154

Number of Bids Disqualified
11
25

*Foreign Exchange Auction Weighted Average Rate: ZWL$83.3209*

PURPOSE
Amount Allotted SME Auction (US$)
Amount Allotted Main Auction (US$)

Raw Materials
373 003.95
6 050 396.71

Machinery and Equipment
234 793.50
3 540 376.93

Consumables (incl Spare, Tyres, Electricals)
112 721.04
1 307 558.40

Pharmaceuticals and Chemicals
59 584.00
903 605.60

Services (Loans, Dividends, Disinvestments, etc)
92 988.40
1 483 611.12

Retail and Distribution (Incl. Food, Beverages, etc)
53 252.63
1 003 384.34

Fuel, Electricity and Gas
–
550 750.00

Paper and Packaging
50 060.00
200 000.00

Total
976 403.52
15 039 656.10

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