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RBZ Forex Auction Results – 29 March 2022

The weighted average has fallen to US$1: ZWL$142.4237 from US$1: ZWL$138.1979 which was reported by the Reserve Bank of Zimbabwe (RBZ) last Tuesday, 15 March 2022.

In total, US$37.6 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment, the same as last week.

1 159 bids were received on the Small to Medium enterprises forex auction, with 1 085 accepted and 74 disqualified. The total number of bids allotted was 1 080.

On the main forex auction, a total of 449 bids were received, 413 were accepted and 36 were disqualified. The total number of bids allotted was 399.

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

Some bids were also allotted on a pro-rata basis.

Number of Bids Received1159449
Number of Bids Disqualified7436
Total Number of Bids Accepted1085413
Total Number of Bids Allotted1080399
Total Value of Bids AcceptedUSD6,552,957.64USD31,907,210.04
Amount AllottedUSD6,548,579.22USD31,062,799.46
Highest Rate Received155.0000155.0000
Lowest Bid Rate Allotted134.0000138.0000
Weighted Average Rate142.4237

 

PURPOSEAMOUNT ALLOTTED FOR SME AUCTIONAMOUNT ALLOTTED FOR MAIN AUCTION
Raw Materials1,615,444.3012,925,745.35
Machinery and Equipment2,360,898.797,733,877.71
Consumables (Incl. Spares, Tyres, Electricals, etc)978,058.202,750,273.25
Services (Loans, Education, Dividends, Disinvestments, etc)575,063.562,462,416.33
Retail and Distribution (Incl. Food, Beverages, etc)654,488.812,474,066.14
Electricity16,436.96263,817.96
Pharmaceuticals and Chemicals232,066.981,623,231.17
Paper and Packaging116,121.62829,371.55
TOTAL6,548,579.2231,062,799.46
GRAND TOTAL AWARDED37,611,378.68

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