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Zimbabwe Dollar Breaches $100 Mark To Average Over $105 Against US Dollar

Zimbabwe Dollar Breaches $100 Mark To Average Over $105 Against US Dollar

The Zimbabwe dollar has continued to lose value against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, data from the RBZ forex auction conducted on Tuesday, 16 November 2021 shows.

 This week, the weighted average was US$1: ZWL$105.6965, a significant fall from last week’s rate that stood at US$1: ZWL$99.9301.

This week, US$5.52 million was allocated to the Small to Medium Enterprises forex auction while US$36.22 million was allocated to the main forex auction.

In total, US$41.74 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is down from the US$46.87 million allotted last week.

881 bids were received on the Small to Medium enterprises forex auction, with 693 accepted and 188 disqualified. The total number of bids allotted was 693.

On the main forex auction, a total of 623 bids were received, 420 were accepted and 203 were disqualified. The total number of bids allotted was 420.

The Reserve Bank of Zimbabwe (RBZ) said bids that were disqualified were not eligible in terms of the Priority List.

Number of Bids Received 881 623
Number of Bids Disqualified 188 203
Total Number of Bids Accepted : 693 420
Total Number of Bids Allotted : 693 420
Total Value of Bids Accepted : USD5,520,428.32 USD36,228,651.92
Amount Allotted : USD5,520,428.32 USD36,228,651.92
Highest Rate Received : 120.0000 120.0000
Lowest Bid Rate Received : 98.0000 99.0000
Lowest Bid Rate Allotted : 98.0000 99.0000
Weighted Average Rate : 105.6965

 

PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,405,954.73 17,774,247.85
Machinery and Equipment 1,922,137.75 8,131,714.77
Consumables (Incl. Spares, Tyres, Electricals, etc) 918,202.29 2,722,912.23
Services (Loans, Education, Dividends, Disinvestments, etc) 452,103.47 2,333,735.28
Retail and Distribution (Incl. Food, Beverages, etc) 444,542.24 2,392,568.40
Fuel, Electricity and Gas 16837.16 55,497.02
Pharmaceuticals and Chemicals 239,740.13 1,797,632.32
Paper and Packaging 120,964.55 1,020,344.05
TOTAL 5,520,482.32 36,228,651.92
GRAND TOTAL AWARDED   41,749,134.24


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11 Comments

Gemma Griffits 6 months ago

Nyama yaora #NHM


siera alpha 6 months ago

kwasara kubvisa mamwe ma zero 000000000.kkkkkkkkkkkk


King Kong 6 months ago

Back to the past... 2008 😂😅😂😅


Chamatams 6 months ago

Iwe Tito have you forgotten kuti madhara awuri kutaura ndiwo akambotipinza kuma Trillion dollars gore riya. Vakapusa ndiko kwakananga ZimDollar.


Millipede 6 months ago

Iwe wakufarisa manje, kupinda nemwenje mudziva chaiko !! YOU MUST STOP IT forthwith


Tito 6 months ago

Ndogarotaura kuti Zim economics dzinoda madhara akaita saChinamasa, kkkkkkkk now honai kwamuri kuenda nevafana ava


Doroguru 6 months ago

Dora rakagarira nanzva😂😅🤣😂😅🤣😂😅🤣😂😅🤣😂😅🤣😂😅🤣😂😅🤣


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Chapwititi 6 months ago

It's one way traffic with this ponzi scheme or so called intermarket rate,hapana kwauri kuenda.


Stage-managed 6 months ago

It passed that way back it's $1 - $zw 200 kunyepa here Guys 💀


Mdara Odza 6 months ago

ED imha*a


Legend 6 months ago

Cry the beloved country



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