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flag Zimbabwe's foreign reserves jump to over $600M, boosting stability of new ZiG currency.

flag Zimbabwe's foreign currency reserves have surged to over $600 million, up from $270 million last year, stabilizing the newly launched Zimbabwe Gold (ZiG) currency. flag The Reserve Bank of Zimbabwe (RBZ) reported that the increased reserves are enough to cover all ZiG bank deposits and have helped reduce exchange rate premiums, improving confidence in the local currency. flag This boost could signal economic stability for Zimbabwe.

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