THE Reserve Bank of Zimbabwe’s foreign currency reserves increased by 127 percent to US$629 million at the end of March 2025, from US$276 million at the end of April 2024.
The central bank said this comes as its foreign reserves accumulation strategy continued to bear fruit.
“The foreign reserves have been adequate to cover reserve money as per the bank’s commitment and are also currently sufficient to cover the entire ZiG deposits in the banking sector, pointing to the sustained stability of ZiG,” RBZ governor John Mushayavanhu said in an update.