Zimbabwe Dollar Gains Again, Now $81.70

The Zimbabwe dollar has gained ground against the US dollar for the third week in a row on this Tuesday’s forex auction.

The local currency traded at ZWL$81.70 (weighted average) against the US dollar at today’s forex auction, firming from ZWL$82.69 last week and the previous week’s ZWL$83.32.

Today, US$21.16 million was allotted, from US$19.2m last week, and US$16m at the previous week’s auction.

The full Forex Auction 15/09/20 results are as follows:

SME Auction #7Main Auction #13
Amount AllottedUS$1 145 006.39US$20 023 899.32
The Highest Rate86.500088.0000
The Lowest Rate75.000075.0000
Lowest Accepted Rate75.000075.0000
Total Bids AcceptedUS$1 145 006.39US$20 023 899.32
Number of Bids Received96174
Number of Bids Disqualified1210

Forex Auction Weighted Average Rate: ZWL$81.7076

PURPOSEAmount Allotted SME Auction (US$)Amount Allotted Main Auction (US$)
Raw Materials216 017.578 517 466.62
Machinery and Equipment218 345.423 184 717.63
Consumables (incl Spare, Tyres, Electricals)291 332.101 357 389.93
Pharmaceuticals and Chemicals69 586.001 201 484.00
Services (Loans, Dividends, Disinvestments, etc)148 175.751 982 763.37
Retail and Distribution (Incl. Food, Beverages, etc)67 557.051 561 290.48
Fuel, Electricity and Gas40 000.001 279 959.95
Paper and Packaging94 002.50938 827.34
Total1 145 006.3920 023 899.32

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