Zimbabwe’s Gold Reserves Reach 3.4 Metric Tons, Mnangagwa Inspects RBZ Vaults

Zimbabwe’s gold reserves have grown to 3.4 metric tons to back the Zimbabwe Gold (ZiG) currency, introduced in April 2024.

President Emmerson Mnangagwa inspected the Reserve Bank of Zimbabwe’s (RBZ) gold vaults on Thursday, reaffirming the administration’s commitment to strengthening the currency’s fundamentals through mineral-backed reserves.

The RBZ aims to increase its gold holdings to 5 metric tons by year-end.

Speaking after the tour, President Mnangagwa said the growing reserves are…