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*RBZ Forex Auction: Zimbabwe Dollar Drops Against USD* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ae The Zimbabwe dollar has marginally lost ground against the US dollar according to results from the Reserve Bank of Zimbabwe (RBZ)’s foreign exchange auction. Results from the Tuesday, 04 May 2021 RBZ forex auction show that the weighted average fell slightly from US$1: ZWL$84.5032 last week to US$1:ZWL$84.5282 this week. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- This week US$4.5 million was allocated to the Small to Medium Enterprises forex auction while US$32.9 million was allocated to the main forex auction. In total, US$37.4 million was allotted this week, with the bulk of the allotment (US$12.7 million) going to raw materials followed by machinery and equipment (US$7.8 million). 328 bids were received on the Small to Medium enterprises forex auction, with 298 accepted and 30 disqualified. On the main forex auction, a total of 328 bids were received, 281 were accepted while 47 were disqualified. The Reserve Bank of Zimbabwe (RBZ) said bids that were disqualified were not eligible in terms of the Priority List. Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified. Some bids were allotted on a pro-rata basis to conform with the Import Priority List, the RBZ said. PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,061,417.15 11,097,737.19 Machinery and Equipment 1,165,482.55 6,798,893.55 Consumables (Incl. Spares, Tyres, Electricals, etc) 1,015,479.29 3,049,059.44 Services (Loans, Education, Dividends, Disinvestments, etc) 312,326.14 3,609,117.67 Retail and Distribution (Incl. Food, Beverages, etc) 377,506.63 2,921,182.93 Fuel, Electricity and Gas 124,209.35 2,020,617.70 Pharmaceuticals and Chemicals 220,705.98 2,859,485.22 Paper and Packaging 236.276.96 498.128.32 Total 4 513 404.05 32 854 222.02 GRAND TOTAL AWARDED 37 367 626.07 RBZ Forex Auction: Zimbabwe Dollar Loses Ground Against USD RBZ Forex Auction: Zimbabwe Dollar Firms Against USD RBZ Forex Auction: Zimbabwe Dollar Fell Marginally Against USD RBZ’s List Of Forex Exchange Auction Beneficiaries Is Misleading – Magaisa Full List: Top 100 Beneficiaries Of The RBZ Forex Auction More: Pindula News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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