RBZ launches ZiG10 million Schools Monetary Policy Challenge

The Reserve Bank of Zimbabwe (RBZ) has launched the Schools Monetary Policy Challenge and committed ZiG10 million towards the programme in a bid to strengthen financial literacy among learners and encourage greater participation in economic and monetary policy discussions.

Launching the initiative in Harare on Friday, RBZ Governor Dr John Mushayavanhu said the programme is designed to equip young people with practical financial knowledge, critical thinking skills and a better understanding of how monetary policy influences economic development.

"The Schools Monetary Policy Challenge is an investment in Zimbabwe's future. Through this initiative, we want to equip our learners with financial literacy skills, critical thinking abilities and a deeper understanding of monetary policy and its role in economic development," Dr Mushayavanhu said.

He said exposing learners to financial concepts at an early age would help them make informed decisions and prepare them to contribute meaningfully to the country's economic development.

"We are encouraging young people to actively participate in national discourse on economic issues. Financial literacy is an essential life skill, and we believe our schools are the ideal platform to nurture informed and responsible citizens," he said.

The competition, which will run until December 2026, is open to all registered secondary and high schools in Zimbabwe, including government, mission and private institutions.

Schools wishing to participate will be required to register through the Ministry of Primary and Secondary Education.

Participating teams will conduct research on monetary and economic issues, complete assigned projects, undertake financial literacy outreach activities within their communities and present their findings through structured economic presentations.

According to Dr Mushayavanhu, the initiative forms part of the central bank's broader strategy to improve financial inclusion and increase public understanding of monetary policy.

"By involving learners in practical activities and discussions on economic matters, we are building a foundation for a financially literate society that can support Zimbabwe's long-term economic growth and stability," he said.

The Schools Monetary Policy Challenge will culminate in a national showcase later this year, where outstanding teams will compete for recognition and prizes funded through the RBZ's ZiG10 million sponsorship package.

The initiative is expected to encourage greater interest in economics, financial management and public policy among Zimbabwean learners while fostering a stronger culture of financial literacy in schools and communities.