A total of 558 bids, 293 in the Small and Medium Enterprise sector and 265 in the main sector, were allotted US$35.8 million.
So far US$552.9 million has been disbursed through the auction this year bringing the total since the auction started in June last year to US$1.18 billion.
Zimbabwe is banking on the foreign currency auction market to propel its recovery and has predicted a growth of 7.4% this year.
It has also estimated that inflation will drop to around 10% by the end of the year.
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This post was last modified on April 27, 2021 3:22 pm
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