RBZ auction allocates US$27m to firms

A TOTAL US$27 million was allotted to more than 330 beneficiaries under both the Main Foreign Exchange Auction and the SME Foreign Exchange Auction last month, the Reserve Bank of Zimbabwe (RBZ) has revealed.

In a statement, RBZ governor John Mangudya  said there were 132 beneficiaries under the Main Foreign Exchange Auction who were allotted US$24,3 million and 207 beneficiaries under the SMEs Foreign Exchange Auction who were allotted US$2,7 million during December 2022.

“The sum of  US$24 298 031 was allotted to 132 beneficiaries under the Main Foreign Exchange Auction during the month of December 2022 and the sun of US$2 736 008 was allotted to 207 beneficiaries under the SMEs Foreign Exchange Auction during the month of December 2022,” Mangudya revealed.

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