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Tuesday’s Reserve Bank Of Zimbabwe (RBZ) Foreign Currency Auction saw the Zimbabwe Dollar Continue To Shed Value Against the greenback USD.
On the usual traditional weekly forex auction Tuesday, 26 April 2022, the weighted average fell to US$1: 159.3482 ZWL$ from US$1: ZWL$155.1419 which was reported by the RBZ on 20 April.
The RBZ Foreign Currency Auction presented the Zimbabwe Dollar as a stable currency that however continues to steadily fall in value Against the American dollar.
The Zimbabwe dollar hence has continued to lose value against the US dollar on the Reserve Bank of Zimbabwe (RBZ) forex auction.
FOREIGN EXCHANGE AUCTION RESULTS 26 APRIL 2022 SMEFX85/2022 MAIN FX91/2022
Number of Bids Received : 920 428
Number of Bids Disqualified : 51 36
Total Number of Bids Accepted : 869 392
Total Number of Bids Allotted : 869 392
Total Value of Bids Accepted : USD4,522,761.60 USD25,936,487.43
Amount Allotted : USD4,522,761.60 USD25,936,487.43
Highest Rate Received : 180.0000 180.00000
Lowest Bid Rate Allotted : 145.0000 148.0000
Weighted Average Rate : 159.3482
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 1,219,251.74 12,957,459.57
Machinery and Equipment 1,527,835.83 5,419,206.84
Consumables (Incl. Spares, Tyres, Electricals, etc) 534,565.97 1,867,234.18
Services (Loans, Education, Dividends, Disinvestments, etc) 478,934.09 1,322,872.33
Retail and Distribution (Incl. Food, Beverages, etc) 416,713.86 2,151,740.28
Electricity 9,847.44 100,000.00
Pharmaceuticals and Chemicals 193,164.92 1,262,149.08
Paper and Packaging 142,447.75 855,825.15
TOTAL 4,522,761.60 25,936,487.43
GRAND TOTAL AWARDED 30,459,249.03
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