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List of 2 579 businesses that received forex from the RBZ auction in May 2022

About US$113 million was allotted to 2 579 businesses in May with US$94.5 million going to 682 large firms and US$18.5 million to 1 897 small and medium enterprises. Total forex paid out in May amounted to US$641 million with US$517 million coming from foreign currency accounts and only US$10.3 million from the interbank market.

Manufacturers demand US dollar payments for 22 key products

MAJOR manufacturers and suppliers of key and popular brands in Zimbabwe are now demanding payment exclusively in US dollars for at least 22 commodities, industry players say. This sets the stage for potential and immediate forced dollarisation in an economy where the vast majority of formerly employed workers earn a rapidly depreciating local currency. Secretary…

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