Categories: Zim Latest

Zimbabwe records 69% forex deposits growth

The country has registered 69 per cent foreign currency deposits in the trading year ending September 2021.

Zimbabwe’s foreign currency account deposits grew by 68,85% in the year to September 2021.

Data from the central bank reveals that FCA balances grew from US$1,13 billion to US$1,72 billion over the 12 months to September 2021.

Zimbabwe get forex from exports, but most importantly from remittances by those in diaspora.

Zwnews

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