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How much money do non-residents of Zimbabwe send home in a year?

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In the year 2020, diaspora remittances – or funds sent home by Zimbabwe’s non-resident population – amounted to US$1 billion, a 58% increase from the previous year of US$635.7 million. The increase is mainly due to the liberalisation of the use of free funds in the country and improved channelling of remittances through formal channels.

More: FACTSHEET: COVID-19 and Zimbabwe’s economy

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