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

  1. foreign currency accounts: US$925 999 087
  2. the Foreign Exchange Auction Allotments: US$218 351 521
  3. the interbank market: US$16 521 504)

Foreign currency payments during the first two months were as follows:

MonthForeign Currency Account(FCA)Interbank Market PaymentsForeign Currency Auction AllotmentsTotal
Jan-22654,600,96510,634,48269,642,048734,877,495
Feb-22271,398,1235,887,021148,709,473425,994,617
Total925,999,08716,521,504218,351,5211,160,872,112
Proportion79.77%1.42%18.81%100%
Click here to download a compressed version of the PDF published by the RBZ

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