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*RBZ Forex Auction: Zimbabwe Dollar Official Rate As Of 24 January 2023* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ls The Reserve Bank of Zimbabwe (RBZ) forex auction weighted average rate moved to US$1: ZWL$779.3101 on 24 January 2023, from the US$1: ZWL$732.0036 that was set on 17 January. The central bank said a total of US$13,863,114.02 was allotted today, down from US$14,471,109.58, which was allotted 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 ---------- The bulk of the allotment went to raw materials followed by machinery and equipment. The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX119/2023) was US$1,515,043.86. The total amount allotted on the Main Forex Auction (MAIN FX125/2023) was US$12,348,070.16. > ♦ Weighted Average Rate 779.310 *How the money was allocated:* Raw Materials………………………………………………………………..US$7,387,486.93 Machinery and Equipment………………………………………………US$1,500,218.74 Consumables (Incl. Spares, Tyres, Electricals, etc)………………US$823,964.98 Services (Loans, Education, Dividends, Disinvestments, etc)…US$1,659,147.96 Retail and Distribution (Incl. Food, Beverages, etc) ……………..US$1,309,042.98 Pharmaceuticals and Chemicals …………………………………………US$552,832.63 Paper and Packaging …………………………………………………………US$630419.8 TOTAL Amount allotted for the SMEFX111/2022 …………. US$1,515,043.86 TOTAL Amount allotted for the MAIN FM117/2022 …… US$12,348,070.16 GRAND TOTAL AWARDED ………………………………… US$13,863,114.02 *Notes* 1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified. 2. Some Bids were allotted on a pro-rata basis. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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