Just over US$1.5 billion was allotted to 3 988 companies, 2 443 of them in the small and medium enterprises sector, with US$639.2 million for raw materials, US$281.2 million for machinery and equipment and US$150 million for consumables including spares, tyres and electricals.
The bulk of the money $1.4 billion went to large companies.
Figures released by the central bank yesterday showed that a total of US$4.8 billion was paid out between January and December last year.
The auction, which started on 23 June 2020, only paid out US$627.3 million accounting for 13% of the forex. The bulk, UDS$3.7 billion was from foreign currency accounts while banks paid out US$443.9 million.
The auction has, however, upped its role this year accounting for 33% of the money allotted in the six months to June. It accounted for US$917.7 million of the US$2.8 billion paid out. Banks accounted for US$201 million while FCA accounts paid out US$1.7 billion.
(203 VIEWS)
This post was last modified on July 8, 2021 10:00 pm
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…