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 Foreign Exchange Auction Results 28 February 2023

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SMEFX126/2023

MAIN FX132/2023

Number of Bids Received :

216

182

Number of Bids Disqualified :

7

8

Total Number of Bids Accepted :

209

174

Total Number of Bids Allotted :

205

174

Total Value of Bids Accepted :

USD2,195,734.20

USD15,396,789.23

Amount Allotted :

USD2,165,675.36

USD15,396,789.23

Highest Rate Received :

990.0000

990.0000

Lowest Bid Rate Allotted :

885.0000

885.0000

Weighted Average Rate

892.6349

PURPOSE

AMOUNT ALLOTTED SME AUCTION

AMOUNT ALLOTTED MAIN AUCTION

Raw Materials

652,589.50

7,856,434.10

Machinery and Equipment

525,704.45

2,891,433.86

Consumables (Incl. Spares, Tyres, Electricals, etc)

339,961.23

1,264,055.69

Services (Loans, Education, Dividends, Disinvestments, etc)

197,421.92

1,333,618.55

Retail and Distribution (Incl. Food, Beverages, etc)

251,868.14

991,023.07

Electricity

9,860.16

Pharmaceuticals and Chemicals

85,531.27

353,928.77

Paper and Packaging

102,738.69

706,295.19

TOTAL

2,165,675.36

15,396,789.23

GRAND TOTAL AWARDED

17,562,464.59

Notes

  1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.
  2. Some Bids were allotted on a pro-rata basis.

RESERVE BANK OF ZIMBABWE

28 February 2023