{"id":74084,"date":"2023-02-14T20:10:04","date_gmt":"2023-02-14T18:10:04","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023"},"modified":"2023-02-14T22:36:03","modified_gmt":"2023-02-14T20:36:03","slug":"rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023","title":{"rendered":"RBZ Forex Auction Results: Zimbabwe Dollar Official Rate As Of 14 February 2023"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the <b>Reserve Bank of Zimbabwe (RBZ)<\/b> on 07 February 2023.<\/p>\n<p>The RBZ forex auction weighted average rate moved to<b> US$1: ZWL$856.8403 <\/b>on 14 February 2023, from the <b>US$1: ZWL$831.8147 <\/b>that was set <b>on 07 February 2023.<\/b><\/p>\n<p>The central bank said a total of <b>US$20,254,578.32 <\/b>was allotted today up from<b> US19,167,134.43<\/b>, which was allotted last week.<\/p>\n<p>The bulk of the allotment went to raw materials followed by machinery and equipment.<\/p>\n<p>The total amount allotted for the <b>Small to Medium Enterprises Forex Auction <\/b>was <b>US$1,811,479.70 down from US$2,269,815.79<\/b>.<\/p>\n<p>The total amount allotted on the <b>Main Forex Auction<\/b> was<b> US$18,443,098.62 <\/b>up from<b> US$16,897,319.04<\/b>.<\/p>\n<p><b>\u2666 Weighted Average Rate 856.8403 from 831.8147.<\/b><\/p>\n<p>Raw Materials&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<b>(SME) 627,827.09 (MA)<\/b> US<b>10,000,202.79<\/b><\/p>\n<p>Machinery and Equipment&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<b>(SME) <\/b>US$497,787.04 &#8230; <b>(MA)<\/b>US$2,649,877.10<\/p>\n<p>Consumables (Incl. Spares, Tyres, Electricals, etc)&#8230;<b>(SME) <\/b>US$209,979.44 &#8230; <b>(MA)<\/b>US$1,611,306.39<\/p>\n<p>Services (Loans, Education, Dividends, Disinvestments&#8230;) <b>(SME)<\/b>US$209,979.44 &#8230; <b>(MA) <\/b>US$1,611,306.39<\/p>\n<p>Retail and Distribution (Incl. Food, Beverages, etc)&#8230;<b>(SME)<\/b>US$170,889.75&#8230; <b>(MA)<\/b>US$ 2,124,303.39<\/p>\n<p>Electricity &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. (SME) US$9,331.86<\/p>\n<p>Pharmaceuticals and Chemicals &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. <b>(SME)<\/b>US$95,150.16 &#8230; <b>(MA)<\/b>US$476,325.00<\/p>\n<p>Paper and Packaging &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230; <b>(SME)<\/b>US$55,465.81 &#8230;.<b>(MA)<\/b>US$485,083.39<\/p>\n<p><b>TOTAL<\/b> Amount allotted for the<b> SMEFX124\/2023 &#8230;&#8230;&#8230;..US$1,811,479.70 <\/b><br \/>\n<b>TOTAL<\/b> Amount allotted for the <b>MAIN FX130\/2023<\/b> &#8230;&#8230;&#8230;<b>US$18,443,098.62<\/b><br \/>\n<b>GRAND TOTAL AWARDED &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230; US$20,254,578.32<\/b><\/p>\n<p>1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.<\/p>\n<p>2. Some Bids were allotted on a pro-rata basis.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the Reserve Bank of Zimbabwe (RBZ) on 07 February 2023. The RBZ forex auction weighted average rate moved to US$1: ZWL$856.8403 on 14 February 2023, from the US$1: ZWL$831.8147 that was set on 07 February [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":74082,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,10432,19],"class_list":{"0":"post-74084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-rbz-foreign-currency-auction-system","12":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBZ Forex Auction Results: Zimbabwe Dollar Official Rate As Of 14 February 2023 - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the Reserv ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Forex Auction Results: Zimbabwe Dollar Official Rate As Of 14 February 2023\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the Reserv ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T18:10:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T20:36:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1676392818.58.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-forex-auction-results-zimbabwe-dollar-official-rate-as-of-14-february-2023\",\"name\":\"RBZ Forex Auction Results: Zimbabwe Dollar Official Rate As Of 14 February 2023 - 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