Online Reporter
Wallace Ruzvidzo
Zimpapers Reporter
President Mnangagwa today visited the Reserve Bank of Zimbabwe (RBZ) to inspect the amount of gold reserves the country holds presently.
He was apprised that the country’s gold reserves stand at 4,48 tonnes, making Zimbabwe the 11th country on the African Continent with the largest reserves and third in SADC.
In an interview during the visit, the President registered his satisfaction with what he had seen.
“I am happy that things are intact, and the systems seem to be intact also…I am very happy,” he said.
RBZ Governor Dr John Mushayavanhu said since the President’s last visit last year, gold reserves had increased by a tonne.
He said currently, Zimbabwe had over US$1,4 billion backing the ZiG.
“And that US$1.4 billion is predominantly comprised of gold reserves, and we are continuing to grow it,” he said.
