In
the
2022
monetary
policy
statement,
John
Mangudya,
governor
of
the
RBZ,
said
the
national
record
was
buoyed
by
increased
international
commodity
prices,
international
remittances
and
the
gold
incentives
put
in
place
by
the
government.
In
the
statement,
Mangudya
noted
that
export
proceeds
in
2021
contributed
6.194
billion
dollars
to
the
bulk
of
the
receipts,
followed
by
Diaspora
remittances
with
2.405
billion
dollars
and
loan
proceeds
which
contributed
876.06
million
dollars.
In
the
terms
of
foreign
payment’s
performance,
the
statement
said
for
the
year
of
2021,
banks
processed
foreign
payments
amounting
to
6.99
billion
dollars,
up
by
45.2
per
cent
from
the
previous
year.
“The
upward
trajectory
in
foreign
payments
was
largely
on
account
of
increased
foreign
currency
supply
from
the
auction
system
and
exports,
consistent
with
the
increased
capacity
utilization
in
industry,”
Mangudya
said.
Post
published
in:
Business