The central bank has revealed that foreign currency remittances from Zimbabweans living abroad increased by 32.9% in 2010 to US$263.3 million according to the latest Monetary Policy Review Statement released on Friday.

The bank projected a further growth coupled by an increased role by Bureau De Change in formal transfer channel.

“In the outlook, the sector is poised to grow in 2011 due to the broadening of the Bureau De Change operating framework.” the RBZ said.