Zimbabwe’s forex receipts up 21%

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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. Exports proceeds (59,2 percent), international remittances (16,2 percent) and loan proceeds (11,9 percent) dominated the foreign currency inflows. “The improved foreign currency…