{"id":44608,"date":"2021-08-06T16:45:01","date_gmt":"2021-08-06T14:45:01","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=44608"},"modified":"2021-08-06T15:55:13","modified_gmt":"2021-08-06T13:55:13","slug":"zimbabwe-registers-growth-in-foreign-currency-earnings","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-registers-growth-in-foreign-currency-earnings","title":{"rendered":"Zimbabwe Registers Growth In Foreign Currency Earnings"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>Zimbabwe\u2019s foreign currency earnings registered a 29 per cent growth to US$4 billion in the first six months of this year, compared to US$3.12 billion achieved in the same period last year.<\/p>\n

Despite the COVID-19 pandemic, which forced global economies to shut down under strict lockdowns, disrupting production, trade and supply channels, Zimbabwe\u2019s foreign inflows have remained buoyant.<\/p>\n

This was revealed by Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya in his 2021 mid-term monetary policy review on Thursday. He said:<\/p>\n

On account of the strong external sector performance, foreign currency receipts have remained buoyant, with US$4.02 billion having been received in the first half of the year, representing a 29.1 percent increase in foreign currency supply into the economy.<\/p>\n

Of this amount, Diaspora remittances through the formal system amounted to US$649 million, an impressive 73 per cent increase from the US$374.6 million received during the same period in 2020.<\/p>\n

The central bank chief also expressed confidence that the current stability of inflation would continue in the outlook period.<\/p>\n

He said the external sector had largely been driven by the recovery in the global economy, projected to expand by 6 per cent this year, which has sparked a rally in commodity prices.<\/p>\n

Similarly, tobacco prices have been firmer at an average of US$2.92 per kilogramme during the just ended marketing season compared to last year, which helped show up foreign exchange earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Zimbabwe\u2019s foreign currency earnings registered a 29 per cent growth to US$4 billion in the first six months of this year, compared to US$3.12 billion achieved in the same period last year. Despite the COVID-19 pandemic, which forced global economies to shut down under strict lockdowns, disrupting production, trade and supply channels, […]<\/p>\n","protected":false},"author":84,"featured_media":44607,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[5790,1493,2189,894,187,653,19],"class_list":{"0":"post-44608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-2021-mid-term-monetary-policy-statement","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-foreign-currency","15":"tag-forex","16":"tag-rbz","17":"tag-zimbabwe"},"yoast_head":"\nZimbabwe Registers Growth In Foreign Currency Earnings - zimbabwe<\/title>\n<meta name=\"description\" content=\"Zimbabwe\u2019s foreign currency earnings registered a 29 per cent growth to US$4 billion in the first six months of this yea ...\" \/>\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\/all-news\/zimbabwe-registers-growth-in-foreign-currency-earnings\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe Registers Growth In Foreign Currency Earnings\" \/>\n<meta property=\"og:description\" content=\"Zimbabwe\u2019s foreign currency earnings registered a 29 per cent growth to US$4 billion in the first six months of this yea ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-registers-growth-in-foreign-currency-earnings\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-06T14:45:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-06T13:55:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-610d3f25ee781.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\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\/all-news\/zimbabwe-registers-growth-in-foreign-currency-earnings\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-registers-growth-in-foreign-currency-earnings\",\"name\":\"Zimbabwe Registers Growth In Foreign Currency Earnings - 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