News / National
Zimbabwe earns US$16.2bn in forex from US$13.3bn
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Zimbabwe earned a total of US$16.2 billion in foreign exchange (forex) in 2025, up from US$13.3 billion recorded in 2024, largely driven by robust gold exports amid record global gold prices.
Despite the strong inflows, the country's forex reserves remain constrained, standing at US$1.2 billion, enough to cover just 1.5 months of imports, based on average monthly forex payments of approximately US$956 million.
Total reserves, which include gold holdings, were reported at US$472 million in December 2024. To bolster reserve accumulation, Zimbabwe has since 2022 required miners to pay a portion of their royalties in physical gold, a policy that has contributed to sustaining reserves.
Analysts note that while rising gold prices have significantly boosted forex inflows, the country still faces a narrow margin of import cover, highlighting ongoing challenges in managing liquidity and ensuring macroeconomic stability.
Despite the strong inflows, the country's forex reserves remain constrained, standing at US$1.2 billion, enough to cover just 1.5 months of imports, based on average monthly forex payments of approximately US$956 million.
Total reserves, which include gold holdings, were reported at US$472 million in December 2024. To bolster reserve accumulation, Zimbabwe has since 2022 required miners to pay a portion of their royalties in physical gold, a policy that has contributed to sustaining reserves.
Analysts note that while rising gold prices have significantly boosted forex inflows, the country still faces a narrow margin of import cover, highlighting ongoing challenges in managing liquidity and ensuring macroeconomic stability.
Source - online
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