RBZ Forex Auction Results - 23 November 2021

2 years agoTue, 23 Nov 2021 17:39:56 GMT
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RBZ Forex Auction Results - 23 November 2021

The Zimbabwe dollar marginally gained against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, data from the RBZ forex auction conducted on Tuesday, 23 November 2021 shows.

 This week, the weighted average was US$1: ZWL$105.6684 up from last week’s rate that stood at US$1: ZWL$105.6965.

In total, US$41.95 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$41.74  million allotted last week.

913 bids were received on the Small to Medium enterprises forex auction, with 601 accepted and 312 disqualified. The total number of bids allotted was 601.

On the main forex auction, a total of 653 bids were received, 379 were accepted and 274 were disqualified. The total number of bids allotted was 379.

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

SMEFX67/2021 MAIN FX73/2021 
Number of Bids Received : 913 653
Number of Bids Disqualified : 312 274
Total Number of Bids Accepted : 601 379
Total Number of Bids Allotted : 601 379
Total Value of Bids Accepted : USD6,126,934.27 USD35,823,599.17
Amount Allotted : USD6, 126,934.27 USD35,823,599.17
Highest Rate Received : 122.0000 120.0000
Lowest Bid Rate Received : 97.0000 99.9300
Lowest Bid Rate Allotted : 97.0000 99.9300
Weighted Average Rate : 105.6684  
Raw Materials 1,805,198.95 14,665,382.00
Machinery and Equipment 2,044,693.46 10,492,426.53
Consumables (Incl. Spares, Tyres, Electricals, etc) 890,596.01 3,931,085.91
Services (Loans, Education, Dividends, Disinvestments, etc) 532,299.17 2,143,797.77
Retail and Distribution (Incl. Food, Beverages, etc) 475,846.20 2,455,681.47
Fuel, Electricity and Gas 0.00 0.00
Pharmaceuticals and Chemicals 251,806.52 1,392,699.64
Paper and Packaging 126,493.96 742,525.85
TOTAL 6,126,934.27 35,823,599.17
GRAND TOTAL                                                                       41 950 533. 44



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