THE country’s foreign currency receipts grew by 21 percent in 2024 reaching US$13,316 billion from US$11 billion received in 2023 thanks to strong exports, latest figures from the Reserve Bank of Zimbabwe show.AdvertisementsExports proceeds (59,2 percent), international remittances (16,2 percent) and loan proceeds (11,9 percent) dominated the foreign currency inflows.“The improved foreign currency inflows resulted…
Zimbabwe’s forex receipts up 21%
CZI said the inflation movements confirm that US dollar inflation is influenced by ZiG inflation, as retailers adjust their prices in line with ZiG prices to avoid prosecution by the FIU for using the parallel market rates.