The Reserve Bank of Zimbabwe has engaged a central bank in the SADC region to help it set up a diaspora remittance system. It's estimated that about three million Zimbabweans work abroad, but don't use formal channels to send funds back home. If migration is managed properly it could contribute positively towards national development. The bank plans to tap into this critical sector by introducing reforms and review policies. Zimbabwe's economy is struggling, with a growing budget deficit, cash shortages and an unemployment figure of above 80 percent.
- Category
- Zimbabwe
Be the first to comment
Up Next
Autoplay
-
00:41
Zimbabwe's Reserve Bank Warns Retailers To Stop Using Multi-pricing System
-
02:25
South Africa: Consumer Inflation Breaching Reserve Bank's 3-6% Target
-
06:20
Reserve Bank Keeps Interest Rates Unchanged At 7%
-
03:07
South Africa Consumers Relax After Reserve Bank Maintained Repo Rate
-
01:12
Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch
-
02:19
Zimbabwe Reserve bank regulates mobile cash withdrawals
-
02:43
Zimbabwe’s Central Bank To Launch Local Bond Bank Notes
-
01:46
South Africa's Reserve Bank Raises Interest Rates
-
01:31
German Firm Declines To Print Notes For Zimbabwe Reserve Bank
-
01:30
Zimbabwe Boosts Conservation Efforts At Key Reserve
-
59:15
The Chinese are Coming
-
01:55
Sudan: Miners face harsh conditions as they search for gold in desert
-
03:11
Mugabe: Zanu PF Says Heroes Acre Only For Party Supporters
-
01:30
Coronavirus: South Sudan reports first case
-
01:12
Polls open in Zambia elections, President Edgar Lungu casts vote
