Mishma Chakanyuka, Staff Writer 
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ZIMBABWE saw a 30 percent growth in foreign currency reserves, including gold, to US$375 million as of June 30, 2024, from US$285 million as of April 5, 2024, the central bank has revealed.
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This increase follows the Reserve Bank of Zimbabwe’s introduction of a new currency in April, the Zimbabwe Gold (ZiG), which at the time was backed by reserves in the form of “US$100 million foreign currency in cash and about 2,5 tonnes of gold worth about US$180 million,” bringing the total reserves to just below US$300 million.
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