‘BOP surplus to anchor Zimbabwe dollar’

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THE Reserve Bank of Zimbabwe (RBZ) says the country’s growing balance of payments (BOP) surplus — now at US$1,7 billion — will anchor the Zim dollar (ZWL)’s stability in the medium to long-term.

The BOP is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.
After a monetary policy committee meeting last week, RBZ governor John Mangudya said the apex bank was “pleased with the favourable external sector performance, as evidenced by a 49 percent increase in foreign currency receipts, from US$4,8 billion received during the same period in 2020 to US$7,2 billion as at October 15, 2021.”