Zero Pindula

WhatsApp Message

*Zimbabwe Dollar Further Weakens Against US dollar On RBZ Foreign Currency Auction*
https://www.pindula.co.zw/2023/05/23/zimbabwe-dollar-further-weakens-against-us-dollar-on-rbz-foreign-currency-auction/?article

The Zimbabwe dollar has further weakened against the United States (US) dollar on the foreign currency auction held by the Reserve Bank of Zimbabwe (RBZ).

On 23 May 2023, the weighted average was US$1: ZWL$1,888.0119 up from US$1: ZWL$1,404.8039 reported on 16 May 2023.

The central bank allotted a total of US$14,166,812.38 down from US$14,444,323.31, with the majority of the allotment going to raw materials, followed by machinery and equipment.

----------
*Latest itel A70* - now available on Pindula
128GB storage, 8GB RAM
*$89 Cash on Delivery.*

_We deliver in Harare and Bulawayo everyday between 9am and 4pm_

also available on Zero Deposit to Civil Servants and Pensioners.

WhatsApp: 0️⃣7️⃣7️⃣2️⃣ 4️⃣6️⃣4️⃣ 0️⃣0️⃣0️⃣
----------

The amount allotted for the Small to Medium Enterprises Forex Auction was US$957,712.91 down from US$1,576,700.13, while the Main Forex Auction was allotted US$13,209,099.47 up from US$13,171,159.91.

_♦ Weighted Average Rate moved to 1,888.0119 up from 1,404.8039._

*How the money was allocated:*

_Raw Materials ………………………………………………Small US$288,375.10; Main US$6,799,034.39_

_Machinery and Equipment Small …………………… US$318,256.50; Main US$2,184,686.84_

_Consumables (Incl. Spares, Tyres, Electricals, etc) ….Small US$109,719.60; Main US$778,350.98_

_Services (Loans, Education, Dividends, Disinvestments, etc) … Small US$98,780.03; Main US$552,310.76_

_Retail and Distribution (Incl. Food, Beverages, etc) …. Small US$95,177.70; Main US$1,704,604.16_

_Pharmaceuticals and Chemicals Small ……………….. US$19,949.30; Main US$401,843.00_

_Paper and Packaging Small ……………………………….. US$27,454.68; Main US$788,269.34_

_TOTAL SMEFK138/2023: …………………………… US$957,712.91; MAIN FX144/202313,209,099.47_

_GRAND TOTAL AWARDED …………….. US$14,166,812.38_

Notes

_1. All bids within the pre-announced amount were allotted in full._

_2. Bids were allotted on a pure Dutch Auction basis, in line with the refinement of the foreign exchange auction system._

_3. Bids with overdue CD1s, outstanding Bills of Entry (BOEs)and insufficient ZW$ were disqualified._

*More Pindula News*

*Featured Products*

*Follow our Pindula Channel on:* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v

Give us Feedback