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Home » Foreign currency reserves surge to US$1,5 billion
National Report

Foreign currency reserves surge to US$1,5 billion

written by Adelaide Moyo, Group Managing Editor 0 comments
RBZ governor John Mushayavanhu
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ZIMBABWE’s foreign currency reserves backing the ZiG increased to US$1,5 billion as of May 2026, providing the country with approximately 1,5 months of import cover, latest data shows. This is a significant increase from the US$276 million held at the time the ZiG was introduced in April 2024. The ZiG is backed by gold and…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency developments, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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