The Zimbabwe greenback has stabilised in opposition to the US greenback, outcomes from the Reserve Financial institution of Zimbabwe’s international change public sale present.
In line with the outcomes from the Tuesday, 20 April 2021 RBZ foreign exchange public sale, the weighted common this week rebounded from US$1: ZWL$84.4827 final week to US$1:ZWL$84.4826 this week.
As we speak US$3 900 835.28 was allotted to the Small to Medium Enterprises foreign exchange public sale whereas US$30 207 699.94 was allotted to the principle foreign exchange public sale.
In complete, US$34 108 535.22 was allotted this week, with the majority of the allotment (US$13 289 237.40) going to uncooked supplies adopted by equipment and gear (US$6 432 355.91).
310 bids had been acquired on the Small to Medium enterprises foreign exchange public sale, with 253 accepted and 57 disqualified.
On the principle foreign exchange public sale, a complete of 332 bids had been acquired, 267 had been accepted whereas 65 had been disqualified.
The Reserve Bank of Zimbabwe (RBZ) mentioned bids that had been disqualified weren’t eligible by way of the Precedence Record.
Bids with overdue CDIs, excellent Payments of Entry (BOEs), and people with adequate FCA balances had been additionally disqualified.
Some bids had been allotted on a pro-rata foundation to adapt with the Import Precedence Record, the RBZ mentioned.
|PURPOSE||AMOUNT ALLOTTED SME AUCTION||AMOUNT ALLOTTED MAIN AUCTION|
|Equipment and Tools||773,605,26||5,698,750.65|
|Consumables (Incl. Spares, Tyres, Electricals, and many others)||733,886.14||2,726,391.14|
|Companies (Loans, Schooling, Dividends, Disinvestments, and many others)||304,363.14||2,241,848.94|
|Retail and Distribution (Incl. Meals, Drinks, and many others)||277,714.13||2,786.171.86|
|Gas, Electrical energy and Gasoline||215,992.65||2,186,334.60|
|Prescribed drugs and Chemical substances||409,657,02||1,518,160.80|
|Paper and Packaging||154,705.35||791,716.14|
|GRAND TOTAL AWARDED||34,108,535.22|