Zim’s foreign currency earnings surge past US$16bn

ZIMBABWE’S push to expand external earnings under the National Development Strategy 1 (NDS1) has paid off, with the country recording a more than 40% increase in foreign currency receipts to over US$16 billion from US$9 billion in 2021.

The strong performance signals the growing dominance of exports as the primary source of foreign currency.

Industry groups, particularly the Confederation of Zimbabwe Industries (CZI), have been at the forefront of promoting increased production and export of goods and services.

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