RBZ Targets $1B Reserves to Boost ZiG

The Reserve Bank of Zimbabwe (RBZ) projected foreign currency reserves to surpass US$1 billion by the end of 2025, strengthening confidence in the ZiG as the nation’s main currency. Acting Governor Dr. Jesimen Chipika said reserves rose from US$276 million in April 2024 to over US$900 million by September 2025. She noted the reserve base now covers ZiG money four times, supporting exchange stability, inflation reduction, and the gradual shift to a mono-currency system.