IT IS crucial that Zimbabwe builds up its gold and foreign exchange reserves markedly before the country ditches the US dollar, economists say.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the economists stressed this week that doing so would engender more confidence in…
‘Lift Zimbabwe’s reserves to boost the ZiG’
For the ZiG to instill public confidence and ensure market stability before 2030, the RBZ should aim for a prudent target where gold reserves cover at least 25 to 30 percent of the ZiG’s total monetary base, as evidenced by international best practices.