ZIMBABWE’S foreign currency receipts increased from US$6,3 billion in 2020 to US$9,7 billion last year, the highest ever on the country’s books, the Reserve Bank of Zimbabwe (RBZ) has said.
In a Monetary Policy Statement this week, the RBZ governor John Mangudya, said of the US$9,7 billion, US$6,2 billion was from export proceeds.
“The country recorded its highest ever foreign currency receipts of US$9,7 billion in 2021, an increase of 53,5 percent from 2020.
“This performance, which dwarfs the previous record of US$7,6 billion recorded in 2013, is attributable to increased international commodity prices, increased international remittances and the gold incentives put in place by the government,” Mangudya said.
Reserve Bank of Zimbabwe Governor, John Mangudya
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