Zim’s export receipts nosedive

ZIMBABWE’S export proceeds fell by 16,90% to US$6,04 billion in 2023 compared to the previous year, largely weighed down by subdued mineral exports, latest data from the central bank show.

Information gathered from the Reserve Bank of Zimbabwe (RBZ) showed that the contribution of export proceeds to the country’s foreign currency receipts in the period under review remained high at 55%, although it was down from 64% in 2022.

In total, foreign currency receipts amounted to US$10,9 billion, down 3,70% compared to 2022.

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