ZIMBABWE’s foreign currency reserves are projected to improve, driven by ongoing economic reforms that are boosting export revenues and increased investor confidence in the ZiG currency, Afreximbank has said.However, the pan-African multilateral trade finance institution cautioned that the reserves accumulation remains fragile.According to the Reserve Bank of Zimbabwe (RBZ), foreign currency reserves backing the Zimbabwe…
‘Zimbabwe’s forex reserves still vulnerable’
Zimbabwe needs to continue growing its foreign currency reserves to stabilise its volatile local currency and relieve pressure on foreign currency demand.