Zimbabwe’s diaspora remittances surge as lockdowns forced use of official channels
19 November 2020 - 21:36
Harare — Zimbabwe's central bank governor John Mangudya said on Thursday official remittances from the diaspora were up 45% during the January-September period from 2019 at $657.7m as Covid-19 lockdowns forced people to send cash home via official channels.
Diaspora remittances are an important source of foreign exchange for Zimbabwe, which is in the grip of its worst economic crisis in more than a decade that has seen worsened dollar shortages...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.