RBZ Foreign Exchange Auction Allotments For September 2022 [Download]

The Reserve Bank of Zimbabwe (RBZ) has released a breakdown of Foreign Exchange Auction Allotments for September 2022 and Foreign Exchange Payments for the period January to September 2022. The central bank said:

In line with the Bank’s commitment to regularly keep the public informed of developments in the foreign exchange market, the Bank hereby publishes the following:

1. A list of the 210 beneficiaries of US$46 025 206 allotted under the Main Foreign Exchange Auction during the month of September 2022;

2. A list of the 623 beneficiaries of US$8 423 473 allotted under the SMEs Foreign Exchange Auction during the month of September 2022; and

3. A schedule showing the total foreign exchange payments for the period January 2022 to September 2022, by source, amounting to US$6 049 863 052 broken down as follows: – (i) foreign currency accounts (US$4 944 612 241),

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(ii) Foreign Exchange Auction Allotments (US$979 949 894); and

(iii) the interbank market (US$125 300 917).

The bulk of the auction allotments during the month of September 2022 (70%) was for payment for raw materials (US$24 354 190) and machinery and equipment (US$13 539 236), with the remaining 30% of the total allotments going towards payment for services (US$6 622 942), consumables (US$4 480 355), retail and distribution (US$3 437 518), pharmaceuticals and chemicals (US$1 426 649), packaging (US$521 533) and fuel, electricity and gas (US$66 255), as shown in the tables below.

Total cumulative foreign exchange auction allotments since inception of the Foreign Exchange Auction System stand at US$3 576 330 707.

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