Online Reporter
Debra Matabvu
Online Reporter
ZIMBABWE’s gold reserves have surpassed 4,5 tonnes, while foreign currency receipts reached a record US$10,72 billion during the first six months of this year.
The latest developments are contained in the Reserve Bank of Zimbabwe’s (RBZ) Quarterly Snapshot on Recent Monetary, Currency, Price and Financial Developments for the second quarter of 2026 released on Wednesday.
Foreign currency receipts reached a record US$10,72 billion, representing a 47,8 percent increase from the US$7,25 billion recorded during the corresponding period in 2025, underscoring the economy’s growing capacity to generate foreign exchange through exports, remittances and other inflows.
“The Reserve Bank continued with the accumulation of foreign currency reserves backing the ZiG during the quarter ending June 2026,” the report said.
“Foreign currency reserves increased to US$1,6 billion in June 2026, sufficient to cover about 6 times the stock of ZiG reserve money and about 1,5 times the ZiG deposits.
“The build‑up of foreign currency reserves is critical for the lasting stability of the ZiG currency.”
Another notable milestone highlighted in the report is the growing acceptance of the ZiG, with about 40 percent of all transactions processed through the national payment system now being conducted in the local currency.
