The fourth running of the Foreign Exchange Auction has been completed and the weighted average is ZWL$68.8879. An increase from last week’s ZWL$65.88.
Which means the “official” rate is US$1 : ZWL$ 68.89
Bids:
- The Highest Rate ZWL$85.00 (down from last week’s ZWL$90.00)
- the Lowest Rate ZWL$40.00 (up from last week’s ZWL$30.00)
Allotted Amount this week was US$15 998 219.59 (Last week’s allotted amount was US$13 602 407.84)
Total bids this week amounted to US$18 719 664.64
| Purpose | Amount Allotted(US$) |
| Raw Materials | 5 623 684.60 |
| Machinery and Equipment | 3 016 110.90 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 2 476 441.00 |
| Consumables (Incl. Spares, Tyres, Electrical) | 1 416 913.67 |
| Pharmaceuticals and Chemicals | 1 264 842.70 |
| Services (Loans. Dividends and Disinvestment) | 900 526.72 |
| Paper and Packaging | 761 500.00 |
| Fuel, Electricity and Gas | 528 200.00 |
| TOTAL | 15 988 219.59 |
Comments
2 responses
At least today u dont have anything bad to say or comment,..is it hard to say something good or positive
I think at this point its now ‘business as usual’, what needed to be said has been said already. It’s just a routine update of the numbers and until the next inevitable surprise policy shakeup, that’s just fine.