The country has registered a 49% increase in foreign currency receipts, the Monetary Policy Committee (MPC) which met recently noted.

Giving an overview of the meeting, Reserve Bank of Zimbabwe governor John Mangudya said receipts rose to US$7.2 billion as at 15 October 2021 from US$4.8 billion recorded same period last year.

Mangudya said foreign payments amounted to US$5.4 billion leaving a US$1.7 billion surplus.