Zim Earns US$3 Billion From FDI, Diaspora Remittances - Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that Zimbabwe received US$3 billion in foreign currency inflows from January to June 2019.

He revealed this on Thursday while addressing captains of industry and potential investors at the on-going Confederation of Zimbabwe Industries (CZI) Congress and International Investment Forum in Victoria Falls. He said:

Over the six months of January to June 2019, the total export receipts amounted to $1,7 billion with other receipts, loan proceeds and foreign investments, amounting to $1,3 billion giving us a total of $3 billion.

So, some will say the RBZ has $3 billion. We’re not keeping this money, it’s the economy that earned $3 billion from among other sources, diaspora cash-outs, tobacco receipts and others and we’re quite happy with the performance.

More: The Herald