The Zimbabwe greenback has marginally misplaced floor towards the US greenback in keeping with outcomes from the Reserve Financial institution of Zimbabwe’s international change public sale.
Outcomes from the Tuesday, 27 April 2021 RBZ foreign exchange public sale present that the weighted common fell barely from US$1: ZWL$84.4826 final week to US$1:ZWL$84.5032 this week.
This week US$4 385 395.92 was allotted to the Small to Medium Enterprises foreign exchange public sale whereas US$31 387 680.99 was allotted to the principle foreign exchange public sale.
In whole, US$35 773 076.91 was allotted this week, with the majority of the allotment (US$13 736 871.30) going to uncooked supplies adopted by equipment and gear (US$6 460 964.38).
352 bids had been acquired on the Small to Medium enterprises foreign exchange public sale, with 293 accepted and 59 disqualified.
On the principle foreign exchange public sale, a complete of 335 bids had been acquired, 265 had been accepted whereas 70 had been disqualified.
The Reserve Bank of Zimbabwe (RBZ) stated bids that had been disqualified weren’t eligible by way of the Precedence Listing.
Bids with overdue CDIs, excellent Payments of Entry (BOEs), and people with ample FCA balances had been additionally disqualified.
Some bids had been allotted on a pro-rata foundation to adapt with the Import Precedence Listing, the RBZ stated.
|PURPOSE||AMOUNT ALLOTTED SME AUCTION||AMOUNT ALLOTTED MAIN AUCTION|
|Equipment and Tools||934,414.01||5,526,550.37|
|Consumables (Incl. Spares, Tyres, Electricals, and many others)||1,124,974.63||2,358,267.78|
|Companies (Loans, Schooling, Dividends, Disinvestments, and many others)||265,386.45||2,018,322.78|
|Retail and Distribution (Incl. Meals, Drinks, and many others)||355,253.43||2,609,517.37|
|Gas, Electrical energy and Gasoline||265,435.96||3,348,728.98|
|Prescription drugs and Chemical compounds||297,221.30||1,624,061.22|
|Paper and Packaging||152,491.95||1,155,579.38|
|GRAND TOTAL AWARDED||35,773,076.91|