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*RBZ Forex Auction Results – 15 March 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pt The local currency has lost further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 15 March 2022. This week the weighted average was US$1: ZWL$134.0820 down from the 1 March 2022 rate that stood at US$1: ZWL$130.1567. ---------- *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$36.6 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week. 1 177 bids were received on the Small to Medium enterprises forex auction, with 1 105 accepted and 72 disqualified. The total number of bids allotted was 1 105. On the main forex auction, a total of 478 bids were received, 442 were accepted and 36 were disqualified. The total number of bids allotted was 433. The RBZ said 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 : 1177 478 Number of Bids Disqualified : 72 36 Total Number of Bids Accepted : 1105 442 Total Number of Bids Allotted : 1105 433 Total Value of Bids Accepted : 5,744,362.37 31,089,467.92 Amount Allotted : 5,744,362.37 30,862,194.32 Highest Rate Received : 145 148 Lowest Bid Rate Allotted : 127 130 Weighted Average Rate : 134.0820 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,388,421.01 13,859,233.34 Machinery and Equipment 1,937,748.88 7,057,444.33 Consumables (Incl. Spares, Tyres, Electricals, etc) 896,069.62 1,949,022.49 Services (Loans, Education, Dividends, Disinvestments, etc) 649,307.99 2,075,741.46 Retail and Distribution (Incl. Food, Beverages, etc) 557,616.92 2,971,554.31 Electricity 99475.36 Pharmaceuticals and Chemicals 135,024.71 1,946,033.16 Paper and Packaging 80,697.88 1,003,165.23 TOTAL 5,744,362.37 30,862,194.32 *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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