RESERVE Bank of Zimbabwe deputy governor Jesimen Chipika says the country is receiving an average of US$100 million in diaspora remittances every month.
Last year, diaspora inflows reached US$1 billion compared to US$636 million in 2019. The figures show only the official flows that come through registered formal money-transfer and banking channels.
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The surge in remittances could be a result of Zimbabweans in nearby countries, such as South Africa and Botswana, shifting to formal money-transfer channels owing to the Covid-19 pandemic, which has limited travel across international b
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