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Zimbabwe News Update

📅 Published: August 14, 2025

📰 Source: zimeye

Curated by AllZimNews.com

Goto also pointed to the steadiness of the ZiG/US dollar exchange rate, crediting it to “hard economic fundamentals” rather than “the false calm of overregulation. ” He said foreign currency inflows rose from US$5. 9 billion in the first half of 2024 to US$7. 2 billion in the same period of 2025, supported by exports and diaspora remittances.

According to Goto, GDP growth is expected to reach 6% in 2025, up from 1. 7% in 2024, driven by targeted investments in agriculture, mining, manufacturing, and tourism. “These are not abstract numbers – they translate into jobs, higher household incomes, and renewed fiscal space for national development,” he said.

He noted that confidence in the ZiG is “strengthening visibly,” with the share of ZiG-denominated electronic transactions rising from 26% in April 2024 to over 40% by June 2025, aided by improved cash availability.

Goto said the RBZ had maintained stability through careful liquidity management, doubling foreign currency reserves from US$285 million in April 2024 to over US$730 million by June 2025.

He claimed that stakeholders from business, industry, and civil society had endorsed the direction of economic policy, calling for a de-dollarisation roadmap and continued sectoral support. “The ZiG is more than a currency – it is a statement of intent, a symbol of restored confidence, and a tool for national self-determination,” Goto concluded.

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