RBZ Forex Auction Results – 09 November 2021

The Zimbabwe dollar has marginally lost value against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday, 09 November 2021.

This week, the weighted average was US$1: ZWL$99.9301, a slight depreciation from last week’s rate that stood at US$1: ZWL$98.9821.

This week, US$11.08 million was allocated to the Small to Medium Enterprises forex auction while US$35.79 million was allocated to the main forex auction.

In total, US$46.87 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is up from the US$46.2 million  allotted last week.

1 283 bids were received on the Small to Medium enterprises forex auction, with 1 238 accepted and 45 disqualified. The total number of bids allotted was 1 238.

On the main forex auction, a total of 732 bids were received, 631 were accepted while 101 were disqualified. The total number of bids allotted was 631.

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

Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified.

Number of Bids Received1283732
Number of Bids Disqualified45101
Total Number of Bids Accepted1238631
Total Number of Bids Allotted1238631
Total Value of Bids Accepted :USD11,081,207.54USD41,737,520.60
Amount Allotted :USD11,081,207.54USD35,792,885.54
Highest Rate Received :115.0000115.0000
Lowest Bid Rate Received :96.000097.1400
Lowest Bid Rate Allotted :96.000097.1400
Weighted Average Rate :99.9301

 

PURPOSEAMOUNT ALLOTTED SME AUCTIONAMOUNT ALLOTTED MAIN AUCTION
Raw Materials2,680,358.3813,440,963.00
Machinery and Equipment3,906,669.6211,276,442.00
Consumables (Incl. Spares, Tyres, Electricals, etc)1,621,803.732,755,134.32
Services (Loans, Education, Dividends, Disinvestments, etc)1,030,215.162,391,255.59
Retail and Distribution (Incl. Food, Beverages, etc)1,033,587.142,717,413.32
Fuel, Electricity and Gas31605.4961,963.54
Pharmaceuticals and Chemicals554,207.682,070,566.65
Paper and Packaging222,760.341,079,147.12
TOTAL11,081,207.5435,792,885.54
GRAND TOTAL AWARDED 46,874,093.08

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