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Foreign currency receipts increased by about 10 percent to US$6,15 billion between January and June
2024, compared to US$5,61 billion over the same period in 2023.
Estimates indicate that the current account balance had a surplus of US$19,2 million in the first half of 2024, compared to a deficit of US$13,8 million in the comparable period in 2023
The liquidity committee meets every week to assess the level of liquidity in the market and determine the necessary level of intervention
The Reserve Bank established the Monetary Policy Implementation, Monitoring and Evaluation Committee that keeps track of the key indicators to promptly identify emerging risks and ensure timely responses
Indications from an online perception survey conducted by the Reserve Bank since mid-April 2024 across the 10 provinces of Zimbabwe show a progressive improvement in the acceptance of ZiG from 61 percent in April to 80 percent in May and 91 percent in June 2024
The Reserve Bank will continue to participate in the foreign exchange market to liquefy the foreign exchange market with 50 percent of the 25 percent export surrender to ensure operational flexibility within the supply and demand dynamics
The total foreign reserves, including gold, were around US$375 million as at the end of June 2024. This was a significant increase from reserve asset holdings of US$285 million when ZiG was announced on April 5, 2024
Online Reporter