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*RBZ Forex Auction: Allotments And Payments For January And February 2022* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vv The governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya has issued a statement on foreign exchange auction allotments for February 2022 and foreign exchange for the period January to February 2022. In a statement, seen by Pindula News, Mangudya said 823 individuals/organisations benefited from US$120 143 752 that was alloted under the main auction in February. Said Mangudya: *FOREIGN EXCHANGE AUCTION ALLOTMENTS FOR FEBRUARY 2022 AND FOREIGN EXCHANGE PAYMENTS FOR THE PERIOD JANUARY TO FEBRUARY 2022* > 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 823 beneficiaries of US$120 143 752 allotted under the Main Foreign Exchange Auction during the month of February 2022; > 2. A list of the 1 897 beneficiaries of US$28 565 721 allotted under the SMEs Foreign Exchange Auction during the month of February 2022; and > 3. A schedule showing the total foreign exchange payments for the 2 months, by source, amounting to US$1 160 872 112 broken down as follows: – > (i) foreign currency accounts (US$925 999 087), > (ii) the Foreign Exchange Auction Allotments (US$218 351 521); and > (iii) the interbank market (US$16 521 504). > The bulk of the funds allotted at the auction during the month of February 2022 (64%) went towards payment for raw materials (US$54 354 527) and machinery and equipment (US$39 429 531), with the remaining 36% of the total allotments going towards payment for consumables (US$17 217 323), services (US$11 552 570), retail and distribution (US$15 366 912), pharmaceuticals and chemicals (US$6 743 499), packaging (US$3 840 155) and fuel, electricity and gas (US$204 956), as shown in the tables below. > The total foreign exchange auction allotments for January and February 2022 is US$218 351 521, bringing the cumulative allotments since inception of the Foreign Exchange Auction System to US$2 814 732 334. > John P Mangudya Governor *Download: AUCTION-ALLOTMENTS-FOR-FEBRUARY-2022* *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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