He said the remittances which stood at US$1.4 billion last year and US$1 billion in 2020, are expected to continue driving the current account surplus.
The current account is projected at US$448.9 million by the end of this year up from US$348.2 million last year.
Ncube said reduced remittance charges were encouraging the use of formal channels and thus increasing foreign currency receipts.
Foreign currency receipts totalled US$9.7 billion last year up from US$6.3 billion in 2020.
They stood at US$5.4 billion during the first half of this year up from US$4.1 billion during the same period last year.
Diaspora remittances accounted for US$797.3 million up from US$650.5 million during the first half of last year.
(87 VIEWS)
Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South…
Africans must now tell their own stories because if they continue to denigrate themselves they…
Quarterly taxes, which are due next month, will force businesses to sell a quota of…
Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…
Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…
Zimbabwe has ordered providers of goods and services to use the official exchange rate or…
