The second combined Forex results are in and the rate. from the weighted average, is ZWL$82.92.
The results are as follows:
SME Auction #3 | Main Auction #9 | |
Amount Allotted | US$517 630.88 | US$13 679 558.32 |
Highest Rate | ZWL$85.0000 | ZWL$88.3800 |
Lowest Rate | ZWL$78.0000 | ZWL$80.0000 |
Lowest Accepted Rate | ZWL$78.0000 | ZWL$80.0000 |
Total Bids Accepted | US$517 630.88 | US$13 679 558.32 |
Number of Bids Recieved | 56 | 113 |
Number if Bids Disqualified | 16 | 17 |
Weighed Average Rate ZWL$82.9184
PURPOSE | Amount Allotted Main Auction | Amount Allotted SME Auction |
Raw Materials | 5 267 239.56 | 180 953.85 |
Machinery and Equipment | 2 826 784.46 | 96 791.85 |
Consumables (incl Spare, Tyres, Electricals) | 1 941 302.63 | 78 526.56 |
Pharmaceuticals and Chemicals | 1 221 045.68 | 57 358.62 |
Services (Loans, Dividends, Disinvestments, etc) | 946 712.64 | 54 000.00 |
Retail and Distribution (Incl. Food, Beverages, etc) | 471 792.00 | 50 000.00 |
Fuel, Electricity and Gas | 671 834.80 | – |
Paper and Packaging | 332 882.55 | – |
Total | 13 679 558.32 | 517 630.88 |
What’s your take?