Reserve Bank of Zimbabwe hikes penalty against exchange control offenders

📅 Published: August 15, 2025

📰 Source: businessweekly

Curated by AllZimNews.com

Exporters are capitalising on higher commodity prices and seamless formal channels, which bodes well for external debt servicing and investor sentiment. ” Banker Raymond Madziva remarked: “The rise in diaspora remittances reflects greater trust in licensed transfer operators and more attractive exchange-rate spreads.

This trend is crucial in bridging funding gaps for SMEs and households. ” With the current account surplus projected to edge higher, from US$501,2 million in 2024 to US$621,7 million in 2025, Zimbabwe is poised to weather external headwinds more effectively.

Dr Mushayavanhu reiterated that policy consistency, “walking the talk”, and continued stakeholder engagement remain central to sustaining these gains.

He added: “We remain agile, ready to respond to global uncertainties, but our framework of prudent reserve-money management and market-determined exchange rates provides a solid anchor for future inflows and economic stability. ”. 🔗

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