Diaspora remittances hit US$100mln monthly

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.Advertisements The surge in…

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