ZIMBABWE’S central bank Governor John Mushayavanhu is building up the nation’s gold reserves to help support the ZiG currency, taking steps that have so far helped curb exchange-rate volatility and an inflation spiral.
“In the 100 days that I have been in office we have increased those reserves by about 30%. We are now on about $370 million worth of reserves,” Mushayavanhu told Bloomberg in an interview from his office in the capital, Harare.