RBZ Forex Auction Results as at 15 February 2022. Data released by the central bank following the forex auction conducted on Tuesday, 15 February 2022 shows that the value of the local currency fell by $1.6426 against the US dollar.
The Zimbabwe dollar has lost further ground against the US dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction. This week the weighted average was US$1: ZWL$120.5174 down from the 08 February 2022 rate that stood at US$1: ZWL$118.8748.
In total, US$37,204,902.66 was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment. This is slightly higher than the US$37,160,200.79 allotted last week.
934 bids were received on the Small to Medium enterprises forex auction, with 844 accepted and 99 disqualified. The total number of bids allotted was 844.
On the main forex auction, a total of 546 bids were received, 468 were accepted and 78 were disqualified. The total number of bids allotted was 420.
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 : | 943 | 546 |
| Number of Bids Disqualified | 99 | 78 |
| Total Number of Bids Accepted : | 844 | 468 |
| Total Number of Bids Allotted : | 844 | 420 |
| Total Value of Bids Accepted : | USD7,616,125.91 | USD32,773,390.85 |
| Amount Allotted : | USD7,616,125.91 | USD29,588,776.75 |
| Highest Rate Received : | 135.0000 | 135.0000 |
| Lowest Bid Rate Allotted : | 115.0000 | 119.0000 |
| Weighted Average Rate : | 120.5174 |
| PURPOSE | AMOUNT ALLOTTED SME AUCTION | AMOUNT ALLOTTED MAIN AUCTION |
| Raw Materials | 1,724,096.74 | 11,949,968.63 |
| Machinery and Equipment | 2,571,095.35 | 6,788,161.77 |
| Consumables (Incl. Spares, Tyres, Electricals, etc) | 1,140,156.52 | 3,199,010.56 |
| Services (Loans, Education, Dividends, Disinvestments, etc) | 1,051,993.40 | 2,639,725.86 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 617,456.92 | 2,970,176.75 |
| Electricity | 31,770.53 | 113,813.32 |
| Pharmaceuticals and Chemicals | 286,990.42 | 1,298,853.00 |
| Paper and Packaging | 192,566.03 | 629,066.86 |
| TOTAL | 7,616,125.91 | 29,588,776.75 |
| GRAND TOTAL AWARDED | 37,204,902.66 |
Source – Pindula News
In other news – Prophet T Freddy releases new song after r@pe charges acquitted
Prophet T Freddy releases new song after r@pe charges acquitted. The self-styled prophet titled the song “I Wanna Cry”. It was released on 14 February, barely a week after the clergyman was acquitted. Speaking during an interview with the Sunday Mail,
Goodness and Mercy Ministries (GMM) founder and leader Tapiwa Freddy has released a single that chronicles his trials as he dealt with rape and abuse allegations. Freddy said…Learn More.
The post RBZ Forex Auction Results as at 15 February 2022 appeared first on Mbare Times.