US$15,315,302.13 Allotted This Week, Up From US$11,162,090.09 – Mangudya

Reserve Bank of Zimbabwe RBZ Governor Dr John Panonetsa Mangudya has said a total of US$15,315,302.13 was allotted this week, up from US$11,162,090.09 that was allotted to various sectors at last week’s auction.

Governor Mangudya exclusively revealed to TechnoMag that, “The bulk of the allotment went to raw materials followed by machinery and equipment, the same as last week.

“The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX111/2022) was US$ 1,401,209.57 up from the US$1,198,534.51 allotted last week.

“The total amount allotted on the Main Forex Auction (MAIN FX117/2022) was US$13,914,092.56 down from US$9,963,555.58 allotted last week.”

Mangudya told TechnoMag that this is how the money was allocated:
Raw Materials …………………………………………. (SME): US$503,463.63 (MA): US$8,010,859.24

Machinery and Equipment ……………………………… (SME): US$414,098.19 (MA): US$1,832,584.25

Consumables (Incl. Spares, Tyres, Electricals, etc) …………… (SME): US$121,555.54 (MA): US$628,158.09

Services (Loans, Education, Dividends, Disinvestments, etc).… (SME): US$120,709.41 (MA): US$1,576,236.16

Retail and Distribution (Incl. Food, Beverages, etc) ……….. (SME) US$121,047.25 (MA): US$961,561.26

Electricity…………………………………………………………………………………………………………………………………………

Pharmaceuticals and Chemicals ……………………………………….. (SME): US$64,239.77 (MA) US$675,184.11

Paper and Packaging …………………………………………… (SME): US$56,095.78 (MA): US$229,509.45

TOTAL ……………………………………………………… (SME): US$1,401,209.57 (MA): US$13,914,092.56

GRAND TOTAL AWARD…………………………………………. US$15,315,302.13