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*RBZ Foreign Currency Auction Results: 20 April 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?uw The Zimbabwe dollar has continued to lose value against the US dollar on the Reserve Bank of Zimbabwe (RBZ) forex auction. On Tuesday, 20 April 2022, the weighted average fell to US$1: ZWL$155.1419 from US$1: ZWL$150.2157 which was reported by the RBZ on 12 April. ---------- *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$30.3 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. 1 174 bids were received on the Small to Medium enterprises forex auction, with 1 122 accepted and 52 disqualified. The total number of bids allotted was 1 122. On the main forex auction, a total of 437 bids were received, 417 were accepted and 20 were disqualified. The total number of bids allotted was 417. 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. Foreign Exchange Auction Results 20 April 2022 SME FX84/2022 MAIN FX90/2022 Number of Bids Received : 1 174 437 Number of Bids Disqualified : 52 20 Total Number of Bids Accepted : 1 122 417 Total Number of Bids Allotted : 1 122 417 Total Value of Bids Accepted : USD4,277,846.44 USD26,068,380.08 Amount Allotted : USD4,277,846.44 USD26,068,380.08 Highest Rate Received : 200.0000 175.00000 Lowest Bid Rate Allotted : 140.0000 145.8700 Weighted Average Rate : 155.1419 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,028,490.67 12,432,100.95 Machinery and Equipment 1,469,672.45 6,424,792.61 Consumables (Incl. Spares, Tyres, Electricals, etc) 489,801.80 1,729,467.72 Services (Loans, Education, Dividends, Disinvestments, etc) 603,222.09 1,772,360.71 Retail and Distribution (Incl. Food, Beverages, etc) 363,293.68 2,053,313.04 Electricity 3,449.45 Pharmaceuticals and Chemicals 184,609.58 1,009,081.45 Paper and Packaging 135,306.72 647,263.60 TOTAL 4,277,846.44 26,068,380.08 GRAND TOTAL AWARDED 30,346,226.52 *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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