According to the Reserve Bank of Zimbabwe, the increase is expected to bolster economic activity and ensure timely foreign payment settlements.
Editorial Comment

RBZ spot on, on remittances

RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu’s recent assurance to the public and other stakeholders that there were no plans to force recipients of diaspora remittances to change their free funds at the point of collection to ZiG is both welcome and timely. “The Reserve Bank of Zimbabwe has noted the circulation of a…

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