John Mushayavanhu noted in a recent statement that, as of June 30, 2025, the central bank had continued to build gold and foreign currency reserves to stabilise the local currency and secure the targeted import cover of three to six months. “As a result, international reserves holdings have grown by 37% from about US$530m at the end of December 2024 to about US$731m as of June 30, 2025,” Mushayavanhu said.
He added that the RBZ will sustain its gold-buying programme to strengthen foreign currency reserves. “Reflecting historically high gold prices and the increase in gold output and the resultant in-kind royalties, monetary gold dominated the foreign reserves basket followed by foreign currency nostro deposits. ” Related
All Zim News
All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed.
Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage.
Stay informed and connected — reach us at admin@allzimnews. com. 🔗 Read Full Article
All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed.
Stay informed and connected — reach us at admin@allzimnews. com.
