On 16 May 2023, the weighted average was US$1: ZWL$1,404.8039 up from US$1: ZWL$1,212.5.8 reported on 09 May 2023.
The central bank allotted a total of US$14,444,323.31 down from US$16,349 930.31, with the majority of the allotment going to raw materials, followed by machinery and equipment.
The amount allotted for the Small to Medium Enterprises Forex Auction was US$1,576,700.13 down from US$2,280,785.72, while the Main Forex Auction was allotted US$14,773,230.18 down from US$16,772,580.66.
♦ Weighted Average Rate moved to 1,404.8039 up from 1,212.5.8.
How the money was allocated:
Raw Materials …………………………………………. (SME) US$350,687.48 … (MAIN) US$7,007,641.38
Machinery and Equipment …………………………. (SME) US$415,614.30 … (MAIN) US$1,926,117.50
Consumables (Incl. Spares, Tyres, Electricals, etc) … (SME) US$202,560.71 … (MAIN) US$1,001,696.74
Services (Loans, Education, Dividends, Disinvestments, etc) … (SME) US$100,494.32 …. (MAIN) US$983,240.01
Retail and Distribution (Incl. Food, Beverages, etc) … (SME) US$125,715.23 … (MAIN) US$1,514,194.61
lubricants Pharmaceuticals and Chemicals …. (SME) US$62,647.17 … (MAIN) US$341,262.52
Paper and Packaging …………………………….. (SME) US$15,444.19 … (MAIN) US$397,007.15
TOTAL ………………………………………………. (SME) US$1,273,163.40 … (MAIN) US$13,171,159.91
GRAND TOTAL AWARDED ……………….. US$14,444,323.31
Notes
1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.
2. Some Bids were allotted on a pro-rata basis.
