RBZ swings to ZiG1,17 billion surplus

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THE Reserve Bank of Zimbabwe (RBZ) reported an inflation-adjusted surplus of ZiG1,17 billion for 2024, a turnaround from the ZiG1,48 billion deficit in 2023.The gains, however, appear driven more by currency revaluation and inflation adjustments than core operational improvements.Accordingly, RBZ reported an inflation-adjusted deficit of ZiG3,89 billion, prior to a monetary gain of ZiG5,06 billion…