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  • 08 Apr, 2020
  • Farai Marapira
  • 2412 Reads

REMITTANCES RELIEF FOR DIASPORA AND FAMILIES

   Various foreign currency remittance outlets were open today and characterised by long queues following the request by the President and First Secretary of ZANU PF Cde ED Mnangagwa for the platforms to resume their function. Many people abroad had been failing to connect financially with their loved ones back home following the implementation of the 21 days of National Lockdown. However, President Mnangagwa who is a known listening leader called on the Governor of Reserve Bank of Zimbabwe to make sure that relief is brought to the people of Zimbabwe. “In view of the ongoing COVID19 related National Lockdown and following concerns from users of money transfer services, I have now directed the Governor of Reserve Bank of Zimbabwe to immediately address constraints around this essential financial service,” President Mnangagwa said. “The new environment arising from the National Lockdown has increased our people’s dependence on remittances which also have the added advantage of reaching directly the most marginalized numbers of our Nation. “Because of the necessary National Lockdown, livelihoods in the informal sector have been disrupted thus forcing many households to depend on the support from their loved ones abroad. It is thus critical for our financial services institutions to adapt their operations to the new emergency situation.”

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