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zimbabwe foreign currency reserves increase as local currency strengthens

Zimbabwe's foreign-currency reserves have increased to $509 million as companies liquidate their foreign positions, boosting demand for the local currency, the ZiG. The local currency strengthened following the central bank's decision to raise benchmark interest rates from 20% to 35% in September. Recently, the ZiG recorded its first weekly gain since a late September devaluation, rising to 25.60 against the dollar.
Bloomberg.com
United States Dollar Reserve Bank of Zimbabwe ZWE John Mushayavanhu
Finance & Economy, Market Report
11:57 10.11.2024
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