Recently the Reserve Bank of Zimbabwe (RBZ) revealed the fact that they had overseen the distribution of just over US$150 during the first two months of the year. The money went to about 2 720 beneficiaries who participate in the main and SME auctions. The distribution was split as follows:
- 826 main auction beneficiaries received US$120 143 752 during the month of February
- 1 897 SME auction beneficiaries received US$28 565 721
Payments totalling $US1.1 billion were also made. This includes other payments not related to the auction and almost certainly relating to transactions that happened outside this period. They just reflect foreign currency-related payments made by and in Zimbabweans during this period
- foreign currency accounts: US$925 999 087
- the Foreign Exchange Auction Allotments: US$218 351 521
- the interbank market: US$16 521 504)
Foreign currency payments during the first two months were as follows:
Month | Foreign Currency Account(FCA) | Interbank Market Payments | Foreign Currency Auction Allotments | Total |
---|---|---|---|---|
Jan-22 | 654,600,965 | 10,634,482 | 69,642,048 | 734,877,495 |
Feb-22 | 271,398,123 | 5,887,021 | 148,709,473 | 425,994,617 |
Total | 925,999,087 | 16,521,504 | 218,351,521 | 1,160,872,112 |
Proportion | 79.77% | 1.42% | 18.81% | 100% |
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