Zimbabwe Dollar Gains Again, Now $81.70
![Zimbabwe Dollar Gains Again, Now $81.70](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fzimbabwe-dollar-gains-again-now-8170_DGkVFEd.webp&w=640&q=75)
The Zimbabwe dollar has gained ground against the US dollar for the third week in a row on this Tuesday’s forex auction.
The local currency traded at ZWL$81.70 (weighted average) against the US dollar at today’s forex auction, firming from ZWL$82.69 last week and the previous week’s ZWL$83.32.
Today, US$21.16 million was allotted, from US$19.2m last week, and US$16m at the previous week’s auction.
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 |
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