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By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) foreign exchange auction has become the major source of foreign currency for big companies, allotting US$35.2 million this week. A trading update released at the close of the FX37/2021 states that a total 292 bids were accepted on the main auction while 229 bids were accepted on the Small to Medium Enterprises. The surge in the number of bids and the allotments totalling US$35.2 million indicates that the auction platform is so far the largest external source of foreign currency for local companies. The official rate sustained a premium of $83.98 against US$1 while the parallel market rate stood at $100 but remains incapacitated to push high volume transactions.

Alois vingaSmall to medium enterprisesSpread thisFuel electricityMedium enterprisesImport priority listசிறிய க்கு நடுத்தர நிறுவனங்கள்பரவுதல் இதுஎரிபொருள் மின்சாரம்நடுத்தர நிறுவனங்கள்இறக்குமதி ப்ரையாரிடீ பட்டியல்