The Reserve Bank of Zimbabwe (RBZ) has released the latest foreign currency auction results as at 28 March 2023, showing how funds (allotments) disbursed.

Apparently, the bulk of the allotment went to raw materials followed by machinery and equipment.

Meanwhile, bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were disqualified, while some other bids were allotted on a pro-rata basis.