RBZ Forex Auction: Zimbabwe Dollar Official Rate As Of 22 November 2022
The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ) today, 22 November 2022.
The weighted average rate has moved to US$1: ZWL$ 646.2415.
Last week, the foreign exchange weighted average rate was US$1: ZWL$ 639.1003.
In its latest update, the central bank said a total of US$11,162,090.09, was allotted this week, down from US$13,053,307.52 that was allotted to various sectors at last week’s auction.
The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.
The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX111/2022) was US$1,198,534.51 down from the US$1,333,267.85 allotted last week.
The total amount allotted on the Main Forex Auction (MAIN FX117/2022) was US$9,963,555.58 down from US$11,720,039.67 allotted last week.
Weighted Average Rate 646.2415
How the money was allocated:
Raw Materials ………………………………………………………………………………
Machinery and Equipment ………………………………………………………………… (SME): US$372,503.96 (MA): US$2,380,110.56
Consumables (Incl. Spares, Tyres, Electricals, etc) ……………………………… (SME): US$158,705.29 (MA): US$887,266.17
Services (Loans, Education, Dividends, Disinvestments, etc) ……………… (SME): US$72,326.33 (MA): US$1,414,437.87
Retail and Distribution (Incl. Food, Beverages, etc) …………………………….. (SME) US$130,237.34 (MA): US$456,596.30
Electricity Pharmaceuticals and Chemicals ………………………………………… (SME): US$26,037.83 (MA) US$498,493.23
Paper and Packaging …………………………………………………………………………… (SME): US$36,586.16 (MA): US$722,095.52
TOTAL ………………………………………………………………………………
