Foreign currency reserves surge to US$1.5 billion

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 foreign reserves, bolstering confidence in the currency.