ZIMBABWE’s foreign currency reserves are projected to improve, driven by ongoing economic reforms that are boosting export revenues and increased investor confidence in the ZiG currency, Afreximbank has said.
However, the pan-African multilateral trade finance institution cautioned that the reserves accumulation remains fragile.
According to the Reserve Bank of Zimbabwe (RBZ), foreign currency reserves backing the Zimbabwe Gold (ZiG) reached US$600 million as at March 31, 2025, from US$270 million in April 2024.