Harare 26 Sep (ANA) - Zimbabwe's central bank says it will set up a "disapora remittance system" to make it easier for people to send money back home, the state-owned Herald newspaper reports. The move comes amid a worsening economic crisis in the country, including a shortage of cash. The central bank's exchange control director, Morris Mpofu, said: Disapora resources remain a critical source of liquidity in the market and the RBZ (Reserve Bank of Zimbabwe] will continue to place effective systems to encourage people to use formal channels by citizens living outside Zimbabwe." He is quoted as saying a delegation had recently visited India to see how its diaspora sends money and "some good things" from it might be incorporated into the Zimbabwean system.(ANA)

FA/ANA/26 September 2016------