Business

Mushayavanhu clears air on diaspora remittances

The Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu says the central bank will not grab remittances forex from recipient and exchange with the local currency.

 

Mushayavanhu’s sentiments comes after a video of the central bank’s deputy director William Mamhimanzi went rounds in which he said the government is looking at ways to grab the forex.

 

However, in a statement Mushayavanhu said that is not the correct position.

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