News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*RBZ Foreign Currency Auction Results: 05 October 2021* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cp The Zimbabwe dollar has lost further ground against the US dollar as indicated by the results of the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 05 October 2021. Last week the weighted average was US$1: ZWL$87.6653 and fell to US$1: ZWL$88.5532 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$10.69 million was allocated to the Small to Medium Enterprises forex auction while US$35.79 million was allocated to the main forex auction. In total, US$46.49 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. 1 217 bids were received on the Small to Medium enterprises forex auction, with 1 164 accepted and 53 disqualified. On the main forex auction, a total of 466 bids were received, 444 were accepted while 22 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. Below is the RBZ summary of the forex auction: Number of Bids Received : 1 217 466 Number of Bids Disqualified : 53 22 Total Number of Bids Accepted : 1 164 444 Total Number of Bids Allotted : 164 444 Total Value of Bids Accepted : USD10,695,839.38 USD35,798,776.22 Amount Allotted : USD10,695,839.38 USD35,798,776.22 Highest Rate Received : 98.0000 96.0000 Lowest Bid Rate Received : 85.0000 85.0000 Lowest Bid Rate Allotted : 85.0000 85.0000 Weighted Average Rate : 88.5532 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 3,247,758.50 15,226,564.09 Machinery and Equipment 3,595,447.33 8,272,309.33 Consumables (Incl. Spares, Tyres, Electricals, etc) 1,431,730.56 3,597,274.31 Services (Loans, Education, Dividends, Disinvestments, etc) 799,181.28 1,759,691.19 Retail and Distribution (Incl. Food, Beverages, etc) 997,704.92 3,573,549.89 Fuel, Electricity and Gas 29,354.10 129,343.11 Pharmaceuticals and Chemicals 405,158.72 2,131,929.23 Paper and Packaging 189,503.97 1,108,115.07 TOTAL 10,695,839.38 35,798,776.22 GRAND TOTAL AWARDED 46,494,615.60 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback