According to the Reserve Bank of Zimbabwe, total international remittances amounted to US$2.80 billion. This figure includes money coming in through donor agencies. Of this amount, the Zimbabwean Diaspora sent in US$1.66 billion, up from US$1.43 billion in 2021.
Of the total diaspora remittances, 40% come from South Africa followed by the United Kingdom (25%).
In June last year, WorldRemit, a widely used remittance platform, said it had transferred £170 million to Zimbabwe between January and May. This placed Zimbabwe among WorldRemit’s top three markets in Africa, at par with Kenya in second place, behind Nigeria.- NewZwire/Own
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