RBZ Forex Auction Results – 29 March 2022
1 year ago
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 millionwas 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 Received | 1159 | 449 |
| Number of Bids Disqualified | 74 | 36 |
| Total Number of Bids Accepted | 1085 | 413 |
| Total Number of Bids Allotted | 1080 | 399 |
| Total Value of Bids Accepted | USD6,552,957.64 | USD31,907,210.04 |
| Amount Allotted | USD6,548,579.22 | USD31,062,799.46 |
| Highest Rate Received | 155.0000 | 155.0000 |
| Lowest Bid Rate Allotted | 134.0000 | 138.0000 |
| Weighted Average Rate | 142.4237 |
| PURPOSE | AMOUNT ALLOTTED FOR SME AUCTION | AMOUNT ALLOTTED FOR MAIN AUCTION |
| Raw Materials | 1,615,444.30 | 12,925,745.35 |
| Machinery and Equipment | 2,360,898.79 | 7,733,877.71 |
| Consumables (Incl. Spares, Tyres, Electricals, etc) | 978,058.20 | 2,750,273.25 |
| Services (Loans, Education, Dividends, Disinvestments, etc) | 575,063.56 | 2,462,416.33 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 654,488.81 | 2,474,066.14 |
| Electricity | 16,436.96 | 263,817.96 |
| Pharmaceuticals and Chemicals | 232,066.98 | 1,623,231.17 |
| Paper and Packaging | 116,121.62 | 829,371.55 |
| TOTAL | 6,548,579.22 | 31,062,799.46 |
| GRAND TOTAL AWARDED | 37,611,378.68 |
