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*RBZ Forex Beneficiaries, Allotments From January - December 2021* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vm 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* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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