Zimbabwe’s Foreign Currency Inflows Hit US$7,25 Billion in First Half of 2025

Zimbabwe recorded foreign currency inflows of US$7.25 billion between January and June 2025, up from US$5.89 billion during the same period last year, the latest data from the Reserve Bank of Zimbabwe (RBZ) shows.

The 23.1 per cent increase was largely driven by strong performances in the mining sector, with export earnings accounting for 54.5 per cent of total receipts. Export revenues rose to US$3.95 billion, marking a 25.7 per cent jump compared to the first half of 2024.

Gold and platinum were the star performers, buoyed by record output and favourable international commodity prices. Gold exports surged 57.6 per percent to US$1.38 billion, while platinum receipts rose 24.9 per cent to US$797 million. Overall, mining exports generated US$2.81 billion, representing a 38.6 per cent year-on-year rise.

International money transfers comprising diaspora remittances and inflows from non-governmental organisations (NGOs) brought in US$1.64 billion, making up 22.7 per cent of total receipts. Personal transfers, largely driven by remittances from Zimbabweans abroad, increased by 8.4 per cent, while NGO inflows recorded a slight 1.1 per cent decline.

The RBZ said the strong first-half performance underscored the resilience of Zimbabwe’s export sectors, particularly mining, in sustaining foreign currency earnings despite global economic uncertainties.

Economic analysts note that sustained growth in mining output, coupled with policy support for value addition, could further boost Zimbabwe’s foreign currency position in the second half of the year.