The second combined Forex results are in and the rate. from the weighted average, is ZWL$82.92.
The results are as follows:
| SME Auction #3 | Main Auction #9 | |
| Amount Allotted | US$517 630.88 | US$13 679 558.32 |
| Highest Rate | ZWL$85.0000 | ZWL$88.3800 |
| Lowest Rate | ZWL$78.0000 | ZWL$80.0000 |
| Lowest Accepted Rate | ZWL$78.0000 | ZWL$80.0000 |
| Total Bids Accepted | US$517 630.88 | US$13 679 558.32 |
| Number of Bids Recieved | 56 | 113 |
| Number if Bids Disqualified | 16 | 17 |
Weighed Average Rate ZWL$82.9184
| PURPOSE | Amount Allotted Main Auction | Amount Allotted SME Auction |
| Raw Materials | 5 267 239.56 | 180 953.85 |
| Machinery and Equipment | 2 826 784.46 | 96 791.85 |
| Consumables (incl Spare, Tyres, Electricals) | 1 941 302.63 | 78 526.56 |
| Pharmaceuticals and Chemicals | 1 221 045.68 | 57 358.62 |
| Services (Loans, Dividends, Disinvestments, etc) | 946 712.64 | 54 000.00 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 471 792.00 | 50 000.00 |
| Fuel, Electricity and Gas | 671 834.80 | – |
| Paper and Packaging | 332 882.55 | – |
| Total | 13 679 558.32 | 517 630.88 |
Comments
One response
Only 96 entities were awarded forex in the whole country on the main auction and fuel, electricity and gas only USD670,000 (and its been this low since the auctions started). At some point Zimbabwe was said to require 5,000,000 litres of fuel per day. Something doesn’t quite add up.