The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 gain from last week’s rate of ZWL$82.6993. The climb is much more substantial than last week’s ZWL$0.6216 from the rate the week before which sat at ZWL$83.3209.
The full Forex Auction 15/09/20 results are as follows:
| SME Auction #7 | Main Auction #13 | |
| Amount Allotted | US$1 145 006.39 | US$20 023 899.32 |
| The Highest Rate | 86.5000 | 88.0000 |
| The Lowest Rate | 75.0000 | 75.0000 |
| Lowest Accepted Rate | 75.0000 | 75.0000 |
| Total Bids Accepted | US$1 145 006.39 | US$20 023 899.32 |
| Number of Bids Received | 96 | 174 |
| Number of Bids Disqualified | 12 | 10 |
Forex Auction Weighted Average Rate: ZWL$81.7076
| PURPOSE | Amount Allotted SME Auction (US$) | Amount Allotted Main Auction (US$) |
| Raw Materials | 216 017.57 | 8 517 466.62 |
| Machinery and Equipment | 218 345.42 | 3 184 717.63 |
| Consumables (incl Spare, Tyres, Electricals) | 291 332.10 | 1 357 389.93 |
| Pharmaceuticals and Chemicals | 69 586.00 | 1 201 484.00 |
| Services (Loans, Dividends, Disinvestments, etc) | 148 175.75 | 1 982 763.37 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 67 557.05 | 1 561 290.48 |
| Fuel, Electricity and Gas | 40 000.00 | 1 279 959.95 |
| Paper and Packaging | 94 002.50 | 938 827.34 |
| Total | 1 145 006.39 | 20 023 899.32 |
Such a fake rate incomparison with the price in the shops. Just ditch this auction as it has never worked in any country nor did it work here years ago and save the majority of us going back to USD and ditch the bond.