A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.
She was raised in the Kwa Mashu township in Kwa Zulu-Natal in a household run by her late grandmother, in an interview with the Sunday World she was quoted “I grew up with my uncles and my gran was the head of the house, so I’m pretty much a granny’s girl.” Nomzamo Mbatha is one of eight children; she is a middle child with five brothers and two sisters – one of her sisters has since passed away.
She did her schooling in Durban in the Kwa Zulu-Natal province.
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While she is known as Nomzamo Mbatha her name has also been written as Nomzamo Nxumalo Mbatha, Nomzamo Mbatha Nxumalo as well as Nomzamo Mxumalo Mbatha.
Both Mbatha and Nxumalo are popular Zulu (and Nguni) surnames especially in her home province of Kwa Zulu-Natal while Mxumalo is relatively unknown.
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