Allotments recede as RBZ opens up purchases of US$50 by individuals at BDCs with no questions asked

[Bulls n Bears]

 <mailto:info at bulls.co.zw> 

 

 

Dear Subscriber,

 

Please find herein the RBZ Foreign Currency Auction Market results &
Commentary for 31 August 2021. 

 

	
Auction Results 31 August 2021

Auction Results 24 August 2021

					

 

SME Auction

Main Auction

SME Auction

Main Auction


Value of Bids Accepted (USD)

12,372,828.11

37,281,155.90

15,157,605.64

41,284,248.05


Highest Rate (ZWL)

92.0000

90.0000

95.0000

90.0000


Lowest Rate (ZWL)

83.0000

83.0000

82.5000

83.0000


 

83.0000

83.0000

82.5000

83.0000


Amount Allotted (USD)

12,372,828.11

34,132,367.81

15,157,605.64

36,532,794.36


Number of Bids received

932

444

971

425


Number of Bids rejected

31]

65

34

26


 

				

Weighted Average Rate (ZWL)

86.0551

0.1705%

85.9084

	

 

				

Purpose

SME Auction

Allotments

Main Auction

Allotments

SME Auction

Allotments

Main Auction

Allotments


 

USD

USD

USD

USD


Raw Materials 

3,192,120.15

13,093,143.79

3,436,846.75

14,931,751.41


Machinery & Equipment 

3,901,801.01

8,570,635.86

4,165,020.38

8,341,921.49


Consumables  

1,704,547.79

2,134,357.20

3,314,351.23

2,189,046.00


Pharmaceuticals & Chemicals

953,761.85

1,472,119.76

1,300,977.26

1,530,409.87


Services 

1,209,766.93

4,160,981.27

1,504,108.07

4,551,438.30


Retail & Distribution 

237,280.11

1,297,081.46

332,729.19

1,854,938.81


Fuel, Electricity & Gas 

787,501.10

2,797,310.08

662,544.75

2,765,470.75


Paper & Packaging 

386,049.17

606,738.39

441,028.01

367,817.73


Total 

12,372,828.11

34,132,367.81

15,157,605.64

36,532,794.36


 

				

Grand Total Awarded

46,505,195.92

-10.03%

51,690,400.00

	
						
						

 <mailto:info at bulls.co.zw> Harare- The Zimbabwe Dollar weakened 0.17% versus
the greenback on the auction market as the allotted bids fell 10% to
US$46.5m against last week's record allotment of US$51.7m.

 

The USD remained firm on the parallel market with individual trades moving
firmly to the ZWL150 zone and volumes to ZWL155. 

 

The Monetary Policy Committee liberalised trading of small amounts of US$50
in Bureau de Changes with no questions asked but this is unlikely to curtail
the parallel market as it will probably fuel arbitrage activities given the
gap between official rate and parallel market rate.

 

 

 

 

 

 

 

 

 

Invest Wisely!

 

Bulls n Bears 

 

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