{"id":16640,"date":"2019-12-12T18:10:39","date_gmt":"2019-12-12T16:10:39","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=16640"},"modified":"2019-12-12T18:10:39","modified_gmt":"2019-12-12T16:10:39","slug":"were-expecting-forex-receipts-of-us7bn-by-year-end-rbz","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/economy\/were-expecting-forex-receipts-of-us7bn-by-year-end-rbz","title":{"rendered":"\u201cWe\u2019re Expecting Forex Receipts Of US$7bn By Year-End,\u201d RBZ"},"content":{"rendered":"<p>The Reserve Bank of Bank of Zimbabwe (RBZ) has said that it expects increased foreign currency this year from minerals, tobacco, cotton, improved diaspora remittances and the usage of free funds.<\/p>\n<p>The revelation was made by RBZ deputy governor Kupukile Mlambo who told Business Times that the country has more foreign receipts than other better-performing economies in Africa despite having no Foreign Direct Investment (FDI). He said:<\/p>\n<p>We are expecting forex receipts of US$7bn by year-end which is an improvement from US$5.5bn last year due to minerals, tobacco, cotton, improved diaspora remittances and the usage of free funds. That money is enough to cater for all our forex needs.<\/p>\n<p>Mlambo also said that the banking sector which now does business on the interbank trading platform was contributing to increased forex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Bank of Zimbabwe (RBZ) has said that it expects increased foreign currency this year from minerals, tobacco, cotton, improved diaspora remittances and the usage of free funds. The revelation was made by RBZ deputy governor Kupukile Mlambo who told Business Times that the country has more foreign receipts than other better-performing [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[187,713,653],"class_list":{"0":"post-16640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-forex","10":"tag-interbank","11":"tag-rbz"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u201cWe\u2019re Expecting Forex Receipts Of US$7bn By Year-End,\u201d RBZ - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Bank of Zimbabwe (RBZ) has said that it expects increased foreign currency this year from minerals, tobacco, cotton, improved\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/economy\/were-expecting-forex-receipts-of-us7bn-by-year-end-rbz\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cWe\u2019re Expecting Forex Receipts Of US$7bn By Year-End,\u201d RBZ\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Bank of Zimbabwe (RBZ) has said that it expects increased foreign currency this year from minerals, tobacco, cotton, improved\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/economy\/were-expecting-forex-receipts-of-us7bn-by-year-end-rbz\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-12T16:10:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/05\/aaab-rbz-zimbabwe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/economy\/were-expecting-forex-receipts-of-us7bn-by-year-end-rbz\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/economy\/were-expecting-forex-receipts-of-us7bn-by-year-end-rbz\",\"name\":\"\u201cWe\u2019re Expecting Forex Receipts Of US$7bn By Year-End,\u201d RBZ - 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