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RBZ Forex Beneficiaries, Allotments From January - December 2021

RBZ Forex Beneficiaries, Allotments From January - December 2021

The Governor of the Reserve Bank of Zimbabwe, Dr John Panonetsa Mangudya has released a list of beneficiaries of the central bank’s foreign currency auction system. He also outlined how and where the forex was allotted. Pindula News presents Mangudya’s statement:

FOREIGN EXCHANGE ALLOTMENTS UNDER THE FOREIGN EXCHANGE AUCTION SYSTEM AND FOREIGN EXCHANGE PAYMENTS FOR THE PERIOD JANUARY 2021 TO DECEMBER 2021

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 2 037 beneficiaries of US$1 645 427 941 allotted under the Main Foreign Exchange Auction;

2. A list of the 5 288 beneficiaries of US$326 018 895 allotted under the SMEs Foreign Exchange Auction; and

3. A schedule showing the total foreign exchange payments by source amounting to US$6 730 965 540 broken down as follows: –

(i) foreign currency accounts (US$4 449 900 326),

(ii) the Foreign Exchange Auction System (US$1 971 446 836); and

(iii) the interbank market (US$309 618 378).

From the inception of the Foreign Exchange Auction System on 23 June 2020 to the end of December 2021, an amount of US$2 596 380 813 was allotted to the key sectors of the economy with US$2 238 180 267 being allotted through the Main Auction and US$358 200 546 through the SMEs Auction.

The bulk of the funds allotted in 2021 (62%) went towards payment for raw materials (US$777 250 614) and machinery and equipment (US$444 979 034) and US$749 217 188, representing 38% of the total allotments, going towards payment for consumables, pharmaceuticals and other needs of the economy as reflected in the tables below.

John P Mangudya Governor

30 December 2021

Month Foreign Currency Account (FCA) Interbank Market Payments Foreign Currency Auction Allotments Total
Jan-21 310,456,607 24,276,155 99,194,883 433,927,645
Feb-21 481,620,748 37,049,364 147,216,349 665,886,462
Mar-21 367,394,138 52,958,997 178,876,453 599,229,588
Apr-21 242,140,242 29,558,900 128,056,464 399,755,606
May-21 301,288,223 29,713,430 159,699,141 490,700,794
Jun-21 366,490,525 27,953,907 207,003,995 601,448,427
Jul-21 379,011,505 25,027,355 185,720,760 589,759,620
Aug-21 340,889,557 19,911,086 236,874,671 597,675,314
Sep-21 490,336,111 29,221,093 158,898,808 678,456,013
Oct-21 465,909,508 13,530,327 171,241,942 650,681,776
Nov-21 430,111,945 12,786,835 216,065,135 658,963,915
Dec-21 274,251,216 7,630,928 82,598,235 364,480,380
Total 4,449,900,326 309,618,378 1,971,446,836 6,730,965,540
Proportion 66% 5% 29% 100%
FOREIGN EXCHANGE AUCTION SYSTEM ALLOTMENTS BY PURPOSE FOR THE YEAR 2021 (USD)
Purpose Main Auction SME Auction Total Share (%)
Raw Materials 693,453,476 83,797,138 777,250,614 39%
Machinery and Equipment 355,594,113 89,384,921 444,979,034 23%
Consumables (Incl. Spares, Tyres, Electricals) 132,385,258 62,568,632 194,953,890 10%
Retail and Distribution (Incl. Food, Beverages, etc) 149,126,291 30,071,046 179,197,338 9%
Pharmaceuticals and Chemicals 108,893,679 17,091,471 125,985,150 6%
Services (Incl. Education Loans, Dividends and Disinvestments) 98,164,980 25,948,125 124,113,106 6%
Fuel, Electricity and Gas 71,819,717 7,373,459 79,193,176 4%
Paper and Packaging 35,990,427 9,784,103 45,774,529 2%
Total Allotments 2021 1,645,427,941 326,018,895 1,971,446,836 100%
Total Allotments 2020 592,752,326 32,181,651 624,933,977  
Grand Total (2020 2021) 2,238,180,267 358,200,546 2,596,380,813  

List Of Beneficiaries: AUCTION-ALLOTMENTS-FOR-THE-YEAR-2021—30.12.2021


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2 Comments

Idhii 4 months ago

Hatina kana basa nazvo. The system has failed to control the market rates. Mazvitadza izvi ana kamba


Economist 4 months ago

Isu akaramba tinei nazvo list yemabeneficiaries eforex.



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