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Economic analysts believe that despite the fact that Zimbabwe received improved foreign currency inflows estimated at over US$10 billion in 2022, this will have minimal impact on the economy and exchange rate due to the high demand for foreign currency within the economy.
The high demand for hard currency is a result of the economy which is now more dollarised, according to <a href="https://www.businessweekly.co.zw/will-us10bn-received-in-2022-impact-on-economy/">Business Weekly</a>.
Diaspora remittances grew 15.9 per cent in 2022 to US$1.65 billion up from US$1.43 billion received in 2021. Diaspora remittances usually make up a sixth of the country’s foreign currency receipts and are the third largest foreign exchange earner after gold and platinum group metals (PGMS).
Economist, Vince Musewe, told Business Weekly that the improvement of foreign currency inflows is largely a result of the big conglomerates, tobacco farmers and other exporters. Musewe added:  
<blockquote>
Whether this will have an effect on the economy remains to be seen.
This is because liquidity shortages and elections are putting a damper on the economy. Therefore, we will not have significant confidence because the inflows have increased.
</blockquote>
It is estimated that the monthly remittance flows from South Africa to Zimbabwe only, range between US$30 to US$60 million through both formal and informal channels and account for over 10 per cent of the country’s GDP according to the World Bank.
Gorden Moyo, <a href="https://www.pindula.co.zw/Lupane_State_University">Lupane State University</a> lecturer and former State Enterprises and Parastatals Minister during the Government of National Unity, said the improved capital inflows are insignificant compared to the country’s financial obligations. He said:
<blockquote>
There is not enough foreign currency for importing electricity and critical raw materials. The country does not even have enough foreign currency to service its debts and to build foreign currency reserves.
</blockquote>
Moyo said both the Reserve Bank of Zimbabwe (RBZ) and the Government failed to prudently use the US$960 million Special Drawing Rights (SDRs) received from the International Monetary Fund (IMF) in 2021.
He added that authorities must curb illicit trade and illicit financial outflows “which far outweigh the inward bound capital flows.” 
Between the years 2000 and 2020, <a href="https://zero.pindula.co.zw/zimbabwe-has-lost-us32-billion-through-criminal-financial-flows-report/">Zimbabwe is estimated to have lost over US$32 billion through illicit financial flows.</a>
Most of the illicit financial flows happen through profit shifting, mispricing, money laundering, and other financial delinquencies.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

Analysts Say Improved Forex Inflows Will Have Minimal Impact On The Zimbabwean Economy

The former People’s Democratic Party (PDP) secretary-general Gorden  Moyo has said firebrand politician Tendai Biti was never supposed to be expelled from parliament.
Moyo told ZimLive the expulsion of Biti and other legislators from parliament was a clear sign that Zanu PF was trying to make Zimbabwe a one-party state adding that the legislator’s recall from the August House was beyond logic. Moyo said:
<blockquote>Biti and his PDP should not and must not have been expelled from parliament by anybody. The desperation of Zanu PF to lobotomise opposition in parliament is beyond comprehension.</blockquote>
Moyo bemoaned the recalls and said it marks the death of serious debates in parliament. He said:
<blockquote>In a normal country, with a normal judiciary and a normal parliament, Tendai Biti would be considered the bona fide president of the PDP that signed the MDC Alliance agreement in August 2017.
The PDP faction led by Matibenga signed an electoral pact with other parties that formed the National Rainbow Coalition on October 27, 2017. The two factions of the PDP therefore went into the 2018 elections belonging to two different electoral coalitions.
Biti, Madzimure, Phulu and Chikwinya are the best opposition MPs in parliament. Just check the Hansard for the issues they raise in parliament. Their removal marks the death of serious debate in the 9th parliament of Zimbabwe.</blockquote>
Biti and 5 other legislators in the MDC Alliance agreement from PDP were <a href="https://zero.pindula.co.zw/pdp-recalls-tendai-biti-from-parliament/">recalled by the now PDP leader on the guise that they have</a> now joined another party a few short hours after the courts ruled that PDP can recall Biti from parly.

Biti Shouldn't Have Been Expelled From Parly - Ex-PDP SG

Former People’s Democratic Party (PDP) secretary-general Gorden Moyo said the removal of MDC Alliance vice president Tendai Biti marks the death of serious debate in the 9th Parliament.
Biti, William Madzimure, Settlement Chikwinya, Sichelesile Mahlangu, Regai Tsunga and Kucaca Phulu were recalled from Parliament on Wednesday by PDP secretary-general Benjamin Rukanda allegedly for joining the MDC Alliance party.
Speaking to ZimLive.com on Thursday, Moyo said the ruling Zanu PF is pursuing the Chinese authoritarian model by decimating the MDC Alliance in Parliament. He said:
<blockquote>Biti and his PDP should not and must not have been expelled from parliament by anybody.
The desperation of Zanu PF to lobotomise opposition in parliament is beyond comprehension.
Biti, Madzimure, Phulu and Chikwinya are the best opposition MPs in parliament. Just check the Hansard for the issues they raise in parliament.
Their removal marks the death of serious debate in the 9th parliament of Zimbabwe.</blockquote>
The latest recalls add to the more than 30 lawmakers from the Nelson Chamisa-led MDC Alliance who have been expelled from parliament based on a contentious Supreme Court ruling from March last year.
The Supreme Court ruled that the MDC Alliance, which contested the 2018 elections, is not a single political party but made up of various political parties, which formations could recall lawmakers drawn from their membership.
<h4>More: <a href="https://www.zimlive.com/2021/03/18/biti-must-not-be-expelled-from-parliament-ex-pdp-secretary-gorden-moyo/">ZimLive.com</a></h4>

Biti Recall Marks The Death Of Serious Debate In Parliament'

Former Finance Minister and leader of the opposition People’s Democratic Party (PDP) Tendai Biti has accused his secretary general Gorden Moyo of pursuing a tribal agenda. This comes after Moyo entered into a pact with Joice Mujuru-led National People’s Party (NPP) and Dumiso Dabengwa’s Zapu without Biti’s blessing. Biti condemned the move saying:
<blockquote>The People’s Democratic Party is part of the MDC Alliance; the party has no intention of forming another parallel coalit ion.
It’s tribal and Gorden (Moyo) knows it. He hates Tsvangirai but he forgets he was plucked from nowhere and was made minister (during the Government of National Unity). Our joining the MDC-T and the MDC Alliance, in particular, is not by choice. We have a duty and owe this to Zimbabweans to deliver this country from bondage. Our people have cried out to us and we must respond and respond we have through the alliance.</blockquote>
 
More: <a href="https://www.newsday.co.zw/2017/09/fissures-rock-pdp-npp-coalition/">NewsDay</a>

Biti accuses own secretary general of tribalism after he joined "regional alliance" of NPP and Zapu without permission

Gorden Moyo, the secretary general of the Tendai Biti led People’s Democratic Party (PDP), has issued a directive barring party members from using social media to comment on party issues. This comes after some party members have expressed discontent over the PDP joining the MDC Alliance.
Part of the directive reads
<blockquote>All party members are required to desist from making press statements, issuing any memos or social media communication on coalitions until an official position is released through and by the formal organs of the party.
All programmes involving national members i.e. 21 August meeting in Harare and the 24 August meeting to be held in Bulawayo are both suspended until the management meeting of 25 August has transacted its business. President Biti and his management shall ensure that despite the current contradictions and divergence of views regarding the best coalition option, the PDP shall emerge united, stronger and ready to execute its agreed strategy.</blockquote>
More: <a href="http://www.newzimbabwe.com/news-38781-Biti+bans+PDP+members+from+social+media/news.aspx">New Zimbabwe</a>

Tendai Biti's PDP bans members from using social media to comment on party issues

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