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*RBZ Forex Auction Results – 14 December 2021* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?bk The Zimbabwe dollar has slightly firmed against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction. According to data published by the RBZ after the forex auction conducted on Tuesday, 14 December 2021, this week, the weighted average was US$1: ZWL$108.6660 down from last week’s rate that stood at US$1: ZWL$108.6678. ---------- *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 ---------- In total, US$41.77 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is up from the US$40.82 million allotted last week. 758 bids were received on the Small to Medium enterprises forex auction, with 633 accepted and 125 disqualified. The total number of bids allotted was 633. On the main forex auction, a total of 526 bids were received, 412 were accepted and 114 were disqualified. The total number of bids allotted was 412. Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified. Some bids were also allotted on a pro-rata basis. Number of Bids Received : 758 526 Number of Bids Disqualified : 125 114 Total Number of Bids Accepted : 633 412 Total Number of Bids Allotted : 633 412 Total Value of Bids Accepted : USD6,675,670.74 USD35,102,236.84 Amount Allotted : USD6,675,670.74 USD35,102,236.84 Highest Rate Received : 126.0000 125.0000 Lowest Bid Rate Received : 100.0000 102.0000 Lowest Bid Rate Allotted : 100.0000 102.0000 Weighted Average Rate : 108.6660 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 2,018,353.38 15,570,248.34 Machinery and Equipment 2,311,651.63 9,488,158.89 Consumables (Incl. Spares, Tyres, Electricals, etc) 802,046.62 2,834,278.31 Services (Loans, Education, Dividends, Disinvestments, etc) 575,449.58 2,214,287.84 Retail and Distribution (Incl. Food, Beverages, etc) 423,215.30 2,637,477.63 Electricity 32,201.34 – Pharmaceuticals and Chemicals 328,024.72 1,345,307.98 Paper and Packaging 184,728.17 1,012,477.85 TOTAL 6,675,670.74 35,102,236.84 GRAND TOTAL AWARDED 41,777,907.58 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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