JOURNAL ARTICLE

Gold, foreign currency reserves bulk 90 percent.

  • Published In: Business Weekly (Knowledge Bylanes), 2025. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The Reserve Bank of Zimbabwe has seen a significant increase in gold and foreign currency reserves, rising by 90% to approximately US$550 million by January 2025 from US$285 million in April 2024. This growth provides more than three times the cover for reserve money, supporting currency and exchange rate stability. The central bank aims to enhance its reserves accumulation strategy to bolster economic stability, improve investor confidence, and mitigate potential vulnerabilities in the economy, ensuring adequate coverage for the Zimbabwean Gold-Backed Currency (ZiG) and meeting regional benchmarks for import cover. [Extracted from the article]

Additional Information

  • Source:Business Weekly (Knowledge Bylanes). 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:182901639
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