A total of 540 bids, 236 from the small and medium enterprises sector and 304 from the main, were allotted a total of US$35.1 million with the bulk going to raw materials, machinery and equipment.
Offers narrowed a little from $82 to $88 last week to $82 to $87.
A total of US$281 million has been disbursed through the auction system this year bringing the total to U$906 million since the auction started on 23 June last year.
The country’s central bank has anchored price stability and reduction of inflation on the auction system and says the country’s economy will grow by 7.4% this year while inflation will end the year at below 10%.
Inflation dropped by 41 percentage points from 362.6% in January to 321.6% in February.
(185 VIEWS)
This post was last modified on %s = human-readable time difference 4:29 pm
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