The third combined Main and SMEs Forex Auction have concluded. The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States Dollar.
The results are as follows:
SME Auction #4 | Main Auction #10 | |
Amount Allotted | US$960 791.84 | US$14 064 871.90 |
The Highest Rate | 88.0000 | 88.0000 |
The Lowest Rate | 75.0000 | 80.0000 |
Lowest Accepted Rate | 75.0000 | 80.0000 |
Total Bids Accepted | US$960 791.84 | US$14 064 871.90 |
Number of Bids Received | 85 | 139 |
Number of Bids Disqualified | 10 | 33 |
Forex Auction Weighted Average Rate: ZWL$83.3994
PURPOSE | Amount Allotted SME Auction (US$) | Amount Allotted Main Auction (US$) |
Raw Materials | 207 931.76 | 4 970 224.02 |
Machinery and Equipment | 162 741.26 | 3 870 515.84 |
Consumables (incl Spare, Tyres, Electricals) | 151 749.85 | 1 671 224.20 |
Pharmaceuticals and Chemicals | 140 450.41 | 1 470 373.59 |
Services (Loans, Dividends, Disinvestments, etc) | 137 101.50 | 843 215.51 |
Retail and Distribution (Incl. Food, Beverages, etc) | 98 700.00 | 766 098.49 |
Fuel, Electricity and Gas | 32 797.06 | 358 564.78 |
Paper and Packaging | 29 320.00 | 114 655.47 |
Total | 960 791.84 | 14 064 871.90 |