More than 3 000 businesses got forex from auction in March alone

A total of 3 257 businesses got foreign currency from the auction system in March alone according to figures released by the Reserve bank of Zimbabwe.

The businesses were allotted US$184.1 million withUS$151.9 million going to 886 large companies and US$32.2 million going to 2 137 small and medium enterprises.

The auction has so far disbursed US$3 billion since it was launched in June 2020, US$402 million in the first quarter of this year.

Here is the list of the businesses.

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This post was last modified on April 21, 2022 1:28 pm

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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.