RBZ Governor, John Mushayavanhu said in his Monetary Policy
Statement :“To further promote the use of electronic means of payment, the
Reserve Bank is, with effect from September 1, 2024, exempting electronic
transactions of less than US$10 or the ZiG equivalent from bank charges.
“This measure will remove the cost of using electronic
means of payments by making such transactions a near-cash characteristic,
consistent with the Reserve Bank’s drive towards digital cash.
“The favourable foreign currency receipts have boosted the
country’s balance of payments position, which is now expected to record a
current account surplus for the sixth consecutive year beginning in 2019.
“Reflecting the strong performance of the country’s balance
of payments, the government has been able to mobilise significant foreign
currency through the export surrender requirements for intervention and
liquefying the foreign exchange market, as well as meeting external foreign
currency obligations.”
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