Zimbabwe allows money transfer agencies to open amid coronavirus lockdown

People walk past an alley leading to deserted market stalls on the streets of Harare, Zimbabwe. Picture: Tsvangirayi Mukwazhi/AP

People walk past an alley leading to deserted market stalls on the streets of Harare, Zimbabwe. Picture: Tsvangirayi Mukwazhi/AP

Published Apr 7, 2020

Share

Harare - Zimbabwe will allow citizens to

access remittances from the diaspora and permit farmers to take

their produce to the market, easing a three-week coronavirus

lockdown that analysts fear could push the struggling economy to

the brink of collapse.

Many citizens in the southern African nation, which has

recorded one death from nine cases, rely on money from relatives

in the diaspora but the lockdown had closed a major source of

income.

Zimbabwe, which faces its worst economic crisis in a decade,

marked by soaring inflation, shortages of foreign currency, food

and electricity, earned $635 million from diaspora remittances

last year.

Central bank governor John Mangudya said in a statement on

Monday money tranfer agencies would be allowed to open three

times a week from Tuesday but banks remained closed for any

other transactions.

He said the decision was meant "to allow for the receipt of

foreign currency remittances which cannot be transacted on any

digital platform."

President Emmerson Mnangagwa, who ordered the lockdown that

started on March 30, said separately that farmers would be

allowed to sell their produce at the markets starting Tuesday.

Farmers had complained that their produce was rotting on the

farms, leaving them without a source of income while shops were

running out of fresh vegetables.

The easing of the lockdown shows the limitations that most

African governments face as they seek to balance the need to

stop the spread of the new coronavirus and keeping the wheels of

the economy turning. 

Related Topics:

Zimbabwe#coronavirus