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*RBZ Forex Auction Results – 05 April 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pj The value of the Zimbabwe dollar continued on its downward spiral on the Reserve Bank of Zimbabwe (RBZ) forex auction. On Tuesday, 5 April 2022, the weighted average fell to US$1: ZWL$145.8721 from US$1: ZWL$142.4237 which was reported by the RBZ last Tuesday, 29 March 2022. ---------- *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$32.8 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. 1 014 bids were received on the Small to Medium enterprises forex auction, with 987 accepted and 27 disqualified. The total number of bids allotted was 987. On the main forex auction, a total of 384 bids were received, 362 were accepted and 22 were disqualified. The total number of bids allotted was 362. 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 SMEFX82/2022 1 014 MAIN FX88/2022 384 Number of Bids Disqualified 27 22 Total Number of Bids Accepted 987 362 Total Number of Bids Allotted 987 362 Total Value of Bids Accepted USD5,344,407.74 USD27,455,844.97 Amount Allotted USD5,344,407.74 USD27,455,844.97 Highest Rate Received 156.0000 155.0000 Lowest Bid Rate Allotted 135.0000 138.0000 Weighted Average Rate 145.8721 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,484,964.35 12,775,361.35 Machinery and Equipment 1,822,353.87 6,147,142.15 Consumables (Incl. Spares, Tyres, Electricals, etc) 741,667.68 2,206,114.68 Services (Loans, Education, Dividends, Disinvestments, etc) 508,531.55 1,981,989.39 Retail and Distribution (Incl. Food, Beverages, etc) 454,214.21 2,284,519.89 Electricity 14,500.00 – Pharmaceuticals and Chemicals 207,543.39 1,381,449.14 Paper and Packaging 110,632.69 679,268.37 TOTAL 5,344,407.74 27,455,844.97 GRAND TOTAL AWARDED 32,800,252.71 *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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