The first-ever combined forex auction (SMEs and Grand Auction) results are in. The Reserve bank last week decided to merge the two auctions after what seemed to have been a test run of the SMEs Auction.
The results are as follows:
| SME Auction #2 | Main Auction #8 | |
| Amount Allotted | USD789 866.02 | USD17 981 174.01 |
| Highest Rate | 90.0000 | 90.0000 |
| Lowest Rate | 80.0000 | 77.0160 |
| Lowest Accepted Rate | 80.0000 | 77.0160 |
| Total Bids | USD789 866.02 | USD17 981 174.01 |
| Number of Bids Recieved | 75 | 171 |
| Number of Bids Disqualified | 15 | 15 |
Weighted Average Rate 82.5608
| Purpose | Amount Alloted Main Auction (USD) | Amount Alloted SME Auction (USD) |
| Raw Materials | 7 638 735.47 | 235 721.60 |
| Machinery and Equipment | 2 939 205.80 | 148 685.35 |
| Consumables | 2 530 257.93 | 145 872.68 |
| Pharmaceuticals and Chemicals | 1 421 435.64 | 97 023.36 |
| Services (Loans, Dividends and Disinvestments) | 1 353 774.00 | 67 416.87 |
| Retail and Distribution | 1 215 715.17 | 70 746.16 |
| Fuel. Electricity and Gas | 475 820.00 | 0 |
| Paper and Packaging | 406 230.00 | 24 400.00 |
| TOTAL | 17 981 174.01 | 789 866.02 |
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