Zimbabwe’s Mining Exports Doubled. Its Reserves Still Cover 1.7 Months of Imports
The Reserve Bank of Zimbabwe reports mining export earnings up 121% in the first half of 2026, while usable reserves at end-July covered just 1.7 months of imports. The post Zimbabwe’s Mining Exports Doubled. Its Reserves Still Cover 1.7 Months of Imports appeared first on The Rio Times .
Zimbabwe's mining exports more than doubled in the first half of 2026, reaching a total of US$6.21 billion. This growth was largely driven by a staggering 176% increase in gold exports, amounting to US$3.82 billion. The country's usable reserves, as of end-July 2026, amounted to US$1.7 billion, which could cover approximately 1.7 months of imports.
This reserve figure clearly falls short of the conventional three-month threshold, highlighting the need to address the country's fiscal gaps. Mining export earnings in the first half of 2026 increased by 121.3% compared to the same period last year, with a total of US$6.21 billion. Gold exports alone contributed US$3.82 billion to this figure, reflecting the significant contribution of this sector to the country's economy.
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