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*RBZ Forex Auction: Zimbabwe Dollar Official Rate 12 July 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hf The Zimbabwe dollar continued to shed value against the United States dollar as observed at today’s foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ). The foreign exchange weighted average rate has fallen to US$1: ZWL$391.5339 from US$1: ZWL$ 379.2280 announced by the RBZ last 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 ---------- At this week’s RBZ foreign currency auction conducted on Tuesday, 12 July 2022, a total of US$23.56 million was allotted. The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week. 643 bids were received on the Small to Medium Enterprises Forex Auction, with 610 accepted and 33 disqualified. The total number of bids allotted was 601. On the Main Forex Auction, a total of 212 bids were received, 206 were accepted and 6 were disqualified. The total number of bids allotted was 206. The RBZ said bids with overdue CDIs, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified. Some bids were also allotted on a pro-rata basis. SMEFX95/2022: MAIN FX101/2022 Number of Bids Received : 643 212 Number of Bids Disqualified : 33 6 Total Number of Bids Accepted : 610 206 Total Number of Bids Allotted : 601 206 Total Value of Bids Accepted : USD4,109,266.59 USD19,506,514.99 Amount Allotted : USD4,053,982.01 USD19,506,514.99 Highest Rate Received : 420.0000 424.0000 Lowest Bid Rate Allotted : 366.0000 368.6400 Weighted Average Rate : 391.5339 PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION Raw Materials 1,311,715.92 9,854,894.09 Machinery and Equipment 1,311,033.71 4,331,443.64 Consumables (Incl. Spares, Tyres, Electricals, etc) 473,074.74 1,259,342.76 Services (Loans, Education, Dividends, Disinvestments, etc) 429,228.96 1,211,749.42 Retail and Distribution (Incl. Food, Beverages, etc) 291,251.46 1,302,076.56 Electricity 4,737.84 0.00 Pharmaceuticals and Chemicals 175,165.41 701,125.19 Paper and Packaging 57,773.97 845,883.33 TOTAL 4,053,982.01 19,506,514.99 GRAND TOTAL AWARDED 23,560,497.00 ** *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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