The Reserve Bank of Zimbabwe has started drawing down from the $500 million lines of credit it recently secured to support the procurement of essential commodities.
The bank said that the first disbursement of $41 million has been released for fuel procurement.
The country has been experiencing erratic fuel supplies for several weeks, with motorists enduring long queues at filling stations.
“The bank released 41 million dollar for the procurement of fuel on Oct. 5 and the fuel is currently being supplied and delivered to the various filling stations and supply points across the market,” it said.
It reassured the public that there was sufficient fuel in the country and there was, therefore, no need for panic buying of fuel and other basic commodities.
Relevant essential commodities include fuel, electricity, wheat and raw materials for the manufacturing of cooking oil. (Xinhua/NAN)