Foreign dividend payouts surge

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THE Reserve Bank of Zimbabwe (RBZ) says foreign dividend remittances out of the country were up by 213 percent to US$209,7 million during the six months to June 2021, compared to the same period last year.
It comes as the apex bank’s weekly currency auctions have improved foreign exchange availability.
Foreign investors had previously struggled to repatriate dividends and disinvestments due to foreign currency shortages, with the situation only being rescued by the introduction of the auction system last June.