Debunking Misinformation: Will The RBZ Convert Diaspora Remittances To ZiG?

Last week, Reserve Bank of Zimbabwe (RBZ) Deputy Director William Mamhimanzi caused an uproar when he said the bank should convert diaspora remittances to the local ZiG currency. Speaking at an event, Mamhimanzi said diaspora remittances are fuelling the informal sector. He said it might be