News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*RBZ To Publish Weekly Forex Allocations To Fuel Companies* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jo The RBZ has issued a statement sating on a weekly basis they will be publishing the weekly fuel allocation t fuel companies. Fuel finance facility for this week shows that Trafigura got 3 times the second company’s allocation as shown in the statement below > PRESS STATEMENT > For the information and benefit of the public, the Reserve Bank of Zimbabwe (the Bank) is pleased to advise that it shall henceforth be publishing, on a weekly basis, the status of the fuel finance facilities available to the Oil Marketing Compan. (OM.) for the procurement of fuel for sale to the public in local currency. > For the month of March 2020, the fuel finance facilities being administered by local banks with support of the Bank amount to US$120 million. Of this amount, US$18.47 million worth of Letters of Credit have been confirmed for Immediate drawing of fuel by OM. from NOIC depot In Msasa, Harare as follows: In addition, fuel being procured using free funds under the Direct Fuel Import (DE) Facility, In line with Statutory Instrument 212 of 2019, will go a long way in augmenting the availability of fuel in the country. To ensure that the [NI Facility Is not abused, the Zimbabwe Energy Regulating Authority (ZERA) and the Bank’s Exchange Control Division are finalising the establishment of a robust system to monitor all fuel filling stations designated by ZERA to sell fuel under the DFI Facility. JP MANGUDYA GOVERNOR > 3 MARCH 2020 Source: Twitter ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback