Zimbabwe’s Foreign Currency Inflows Surge to US$7.3 Billion in First Half of 2025

Zimbabwe recorded foreign currency inflows totaling US$7.3 billion in the first six months of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy Statement (MPS).

RBZ Governor Dr. John Mushayavanhu, while delivering the Mid-Term Budget Review this week, announced that the country saw a 23.1% increase in forex receipts compared to the US$5.9 billion received during the same period in 2024.

On the expenditure side, Zimbabwe’s foreign payments rose to US$5.0 billion—up 17% from US$4.3 billion recorded in the first half of 2024.

Dr. Mushayavanhu highlighted that the improvement in foreign currency inflows is expected to boost the country’s current account surplus, which is projected to grow from US$501.2 million in 2024 to US$621.7 million in 2025. This positive trend is largely attributed to stronger export performance and rising remittances.

The MPS also indicates that Zimbabwe’s banking sector remains stable and resilient, despite isolated prudential concerns. By June 30, 2025, 17 of the 19 banking institutions were in compliance with the minimum regulatory capital thresholds.

The non-performing loans (NPL) ratio improved to 2.89%, down from 3.37% at the end of December 2024.

Meanwhile, diaspora remittances reached US$635.2 million during the first half of 2025—marking a 7.1% year-on-year increase.

The central bank projects that total remittances for the full year will grow by 4.9%, from US$2.6 billion in 2024 to US$2.7 billion in 2025.

Acknowledging the critical role of the Zimbabwean diaspora, authorities emphasized the government’s commitment to deepening engagement with the diaspora to support national development initiatives

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