Business
Zimbabwe’s Foreign Currency Earnings Rise to US$6 Billion
Zimbabwe’s economy is gaining strength, with foreign currency receipts reaching US$6 billion in the first five months of 2025 — up from US$4.9 billion during the same period in 2024.
This represents a 22.5% increase, according to the Reserve Bank of Zimbabwe (RBZ).
Key Contributors:Exports:
Made up 55.9% of the total forex inflows, driven mainly by strong mineral exports like gold and lithium.
Diaspora Remittances: Accounted for 15.4%, showing continued support from Zimbabweans living abroad.
Monthly Surplus: The country is earning an average US$378 million more each month than it spends, helping to grow reserves and support the new gold-backed ZiG currency.
RBZ Governor Dr. John Mushayavanhu said the foreign currency inflows are not only paying for Zimbabwe’s imports and international commitments, but also boosting the country’s financial stability.
The RBZ expects full-year foreign currency earnings to reach US$14 to US$15 billion if the current trend continues.
This growth is seen as a sign of increased investor confidence and stronger economic fundamentals.