The Reserve Bank of Zimbabwe (RBZ) foreign exchange auction this week allotted a total US$9,7 million, as the Monetary Policy Committee (MPC) moved to uphold the already set Monetary Policy Statement (MPS) status quo.

An update released at the close of trading Monday shows that on the Main Auction, a total 126 bids were received, and 123 were accepted, with a total value of bids accepted standing at US$1,9 million.

Raw Materials bids were main beneficiaries followed by machinery and equipment as well as consumables.

Below is statement on how allotments were distributed: