RBZ's List Of Forex Exchange Auction Beneficiaries Is Misleading - Magaisa

Alex Tawanda Magaisa, the former Chief of Staff in the office of the former Prime Minister of Zimbabwe, the late Morgan Tsvangirai said the list of 100 beneficiaries of the foreign currency exchange auction released on Tuesday by Reserve Bank of Zimbabwe (RBZ) is misleading. Below is Magaisa’s Twitter thread.

The @ReserveBankZIM announced a list of what it called the top 100 beneficiaries of the Forex Auction System for the 1st 8 months. A good move you would think, except it’s incomplete, vague and misleading. Much remains obscure in the bottom part of the list.

The so-called top 100 beneficiaries only account for 45% of the total forex that was sold. The bulk of the forex (55%) went to “other companies and individuals”. Who the beneficiaries in this shady category are is as clear as mud. It raises questions.