Zimbabwe Eases C-19 Lockdown to Allow Diaspora Remittances Flow

HARARE — Zimbabwe will allow citizens to access remittances from the diaspora and permit farmers to take their produce to the market, easing a three-week coronavirus lockdown that analysts fear could push the struggling economy to the brink of collapse.

Many citizens in the southern African nation, which has recorded one death from nine cases, rely on money from relatives in the diaspora but the lockdown had closed a major source of income.
Zimbabwe, which faces its worst economic crisis in a decade, marked by soaring inflation, shortages of foreign currency, food and electricity, earned $635 million from diaspora remittances last year.
Central bank governor John Mangudya said in a statement on Monday money tranfer agencies would be allowed to open three times a week from Tuesday but banks remained closed for any other transactions.

He said the decision was meant “to allow for the receipt of foreign currency remittances which cannot be transacted on any digital platform.”
Continue reading at The New York Times

Leave a Reply

Your email address will not be published. Required fields are marked *