ED Directs Mangudya To Address Constraints Around Money Transfer Services

President Emmerson Mnangagwa has directed Reserve Bank of Zimbabwe governor John Mangudya to ensure that members of the public are able to easily access money remitted by their relatives from the diaspora through Money Transfer Agencies (MTAs).

In a statement released on Monday, Mnangagwa said the national lockdown has increased the people’s dependency on remittances, hence the need to make money transfer services readily available. The statement read:

In view of the ongoing COVID-19-related national lockdown, and following concerns from users of money transfer services, I have now directed the Governor of the Reserve Bank of Zimbabwe (Dr John Mangudya) to immediately address constraints around this essential financial service.

The 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 marginalised members 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 service institutions to adapt their operations to the new emergency situation.

Let me in the same spirit, pay tribute to our citizens abroad who continue to demonstrate abundant compassion by assisting their families back through various interventions, including financial remittances.

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/IQ1x7L7ALtb3oAT90fVcs1

Telegram Group: https://t.me/+E-dYp2NhsANlMGU0

Back to top

Write a Comment

Your email address will not be published.

Share Full Post

Nyaradzo logo

RSS Recent Profiles Created