How the US$1.73 billion disbursed through the auction was used


0

Zimbabwe disbursed US$1.73 billion through the foreign currency auction system between June last year and July this year and 70% went to the productive sector.

According to figure released by the central bank on Friday, 41% was used for the procurement of raw materials, 19 % for machinery and equipment and 10% for consumables.

Fuel, electricity and gas only accounted for 6% while 8% went to retail and distribution.

Pharmaceutical and chemicals got 7% while services were also allocated 7%.

(122 VIEWS)

Don't be shellfish... Please SHAREShare on google
Google
Share on twitter
Twitter
Share on facebook
Facebook
Share on linkedin
Linkedin
Share on email
Email
Share on print
Print

Like it? Share with your friends!

0
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published. Required fields are marked *