A total of 1 133 bids, 723 from the smalland medium enterprise sector were allotted US$37.2 million with only US$7 million going to SMEs.
The lowest offer was S115 and the highest $135.
The central bank said yesterday US$1.97 billion was allotted through the auction last year, representing 97% of total bids submitted to the auction. This amount represented about 30% of total foreign payments processed by banks
The share of allotments to SMEs sector rose from 8% in first quarter of 2021 to 19% in the fourth quarter.
There was a marked increase in the number of participants on the auction system as applicants rose from about 500 at the beginning of 2021 to reach a peak of just over 2 000 by year-end.
Foreign currency allotments to productive sectors
(103 VIEWS)
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
