RBZ forex auction round 5, rate now at 72.15

Valentine Muhamba Avatar
SI, Reserve Bank of Zimbabwe, RBZ Blocked Funds

The fifth Foreign Exchange has been completed and the results are as follows:

  • New rate is ZWL$72.147
  • The highest rate ZWL$82.17000
  • The lowest rate ZWL$55.00
  • The lowest accepted rate ZWL$70.00
  • Total bids amounted to US$20 316 153.74
  • Allotted amountUS$14 853 708.88
PURPOSEAMOUNT ALLOTTED US$
Raw Material7 417 479.47
Machinery and Equipment 2 309 655.89
Retail and Distribution 1 299 934.90
Consumables 1 122 315.00
Pharmaceuticals and Chemicals 696 875.00
Services (Loans, Dividends and Divestments)752 000.00
Paper and Packaging 614 995.57
Fuel, Electricals and Gas640 453.05
TOTAL14 853 708.88
Reserve Bank of Zimbabwe

One response

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  1. Juno

    At least the range is narrowing