ZIMBABWE NETZWERK e.V.

Nearly half of foreign inflows into Zimbabwe are diaspora remittances

New Zimbabwe writes: " EXPAT Zimbabweans living and working in countries such as SA, the UK and the US sent nearly $1bn back home in 2015, accounting for nearly half of foreign inflows into the cash-starved economy. The country is battling a liquidity crunch that has been worsened by growing weakness in the currencies of major trading partners, the South African rand and Chinese yuan. ...".