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New ZiG banknotes to roll out as economists cite stability gains

The introduction of new Zimbabwe Gold (ZiG) banknotes set to begin circulation on April 7 is expected to strengthen confidence in the local currency and reinforce recent macroeconomic stability gains.The Reserve Bank of Zimbabwe (RBZ), led…

Published: 30 Mar 2026 at 15:44hrs | 230 | by Staff reporte

ZiG inflation jumps to 4,4%

Zimbabwe's annual inflation rate for the Zimbabwe Gold (ZiG) currency rose to 4,4% in March, up from 3,8% in February, reflecting growing price pressures largely driven by recent fuel price increases.According to the Zimbabwe National Stat…

Published: 29 Mar 2026 at 11:08hrs | | by Staff reporter

ZiG gamble rattles Zimbabwe state contractors

State contractors owed millions of United States dollars under Zimbabwe's ambitious infrastructure drive have warned that strong safeguards will be essential as government moves to pay exclusively in the Zimbabwe Gold (ZiG) currency.The po…

Published: 28 Mar 2026 at 07:26hrs | 852 | by Staff reporter

ZiG-only payments policy signals strong push towards de-dollarisation

Zimbabwe's decision to pay contractors and service providers բացառively in the local currency, the Zimbabwe Gold, marks a significant shift in monetary policy aimed at accelerating de-dollarisation, according to John Mushayavanhu, Governor…

Published: 25 Mar 2026 at 10:51hrs | 462 | by Staff reporter

ZiG gamble: Policy push risks backfiring in dollarised economy

A growing chorus of economists and business leaders has issued a stark warning to policymakers, cautioning that recent currency directives could trigger unintended consequences in Zimbabwe's fragile monetary environment.At the centre of co…

Published: 24 Mar 2026 at 19:05hrs | | by Staff reporter

PPC Zimbabwe's 90% USD strategy faces ZiG test

PPC Zimbabwe is increasingly operating like a hard-currency business, with more than 90% of its revenue now earned in US dollars-a shift that has strengthened liquidity and positioned the cement producer as a rare debt-free player in Zimba…

Published: 24 Mar 2026 at 09:43hrs | | by Staff reporter

Zimbabwe's RBZ flaunts ZiG stability

The Reserve Bank of Zimbabwe has come under increasing pressure from exporters over delayed payments tied to the country's foreign currency surrender policy, as tensions mount between monetary authorities and key sectors like mining.At the…

Published: 21 Mar 2026 at 21:13hrs | 551 | by Staff reporter

Black market fears grip Zimbabwe

Zimbabwe is facing renewed black market pressure after the government ordered all public sector suppliers to be paid exclusively in local currency, triggering warnings from economists that the move could drive businesses into the parallel …

Published: 21 Mar 2026 at 08:49hrs | | by Staff reporter

RBZ seeks business buy-in for new ZiG notes

The Reserve Bank of Zimbabwe (RBZ) has intensified engagement with the business community as part of a nationwide awareness campaign aimed at driving acceptance and usage of the upgraded ZiG banknote series.The ZiG currency, introduced in …

Published: 17 Mar 2026 at 09:39hrs | | by Staff reporter

RBZ reassures suppliers on forex access amid ZiG payments push

The Reserve Bank of Zimbabwe (RBZ) has assured public sector suppliers and contractors that they will continue to access foreign currency, even as government payments transition to the local currency, the Zimbabwe Gold (ZiG).Governor John …

Published: 17 Mar 2026 at 09:31hrs | | by Staff reporter

Prophet Magaya offers ZiG to repay US$3m debt to Israeli businessman

Prophet Walter Magaya has been ordered by the High Court to pay US$3 million with 3% interest per month from July 1, 2022 to an Israeli businessman, following a legal dispute over a failed joint gold mining project.Justice Maxwell Takuva r…

Published: 14 Mar 2026 at 11:25hrs | 470 | by Staff reporter

RBZ triples ZiG cash withdrawal limits

The Reserve Bank of Zimbabwe (RBZ) is set to more than triple cash withdrawal limits for the country's domestic currency, the Zimbabwe Gold (ZiG), in a move aimed at improving the availability of notes and coins and easing everyday transac…

Published: 13 Mar 2026 at 07:48hrs | 692 | by Staff reporter

Zimbabweans urged to ditch negative mindset on ZiG

The Reserve Bank of Zimbabwe (RBZ) has called on Zimbabweans to change negative perceptions about the Zimbabwe Gold (ZiG) currency, saying public confidence is key to the country's transition toward a mono-currency economy.Speaking during …

Published: 06 Mar 2026 at 06:52hrs | 515 | by Staff reporter

New ZiG notes hit the market

The Reserve Bank of Zimbabwe (RBZ) has intensified its push toward a mono-currency system anchored on the local unit, the Zimbabwe Gold (ZiG), as authorities seek to strengthen the domestic currency and stabilise the economy.Speaking in Mu…

Published: 06 Mar 2026 at 06:20hrs | 1162 | by Staff reporter

Chombo can settle US$100,000 debt to Mtetwa in ZiG

The Mashonaland West Provincial Affairs and Devolution Minister Marian Chombo is required to pay a US$100,000 debt to Mtetwa and Nyambirai Legal Practitioners in local currency, the High Court of Zimbabwe has ruled.The debt, originally ack…

Published: 05 Mar 2026 at 09:13hrs | 2085 | by Staff reporter

RBZ urges dealers to sell fuel in ZiG

John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe, has called on fuel dealers to index prices in the local currency, ZiG, citing risks of exchange rate losses when trading exclusively in United States dollars (USD).Speaking durin…

Published: 05 Mar 2026 at 08:45hrs | 839 | by Staff reporter

RBZ pledges to safeguard single-digit inflation

The Governor of the Reserve Bank of Zimbabwe, Dr John Mushayavanhu, has reaffirmed the country's commitment to sustaining low inflation, even as geopolitical developments in the Middle East threaten to drive up global fuel prices.Speaking …

Published: 03 Mar 2026 at 10:31hrs | 504 | by Staff reporter

Zimbabweans hold onto ZiG longer

Zimbabweans are increasingly holding onto the ZWG currency, also known as Zimbabwe Gold (ZiG), for extended periods, driven by its appreciating value and sustained stability, according to the ZiG Perception and Confidence Survey II.Commiss…

Published: 02 Mar 2026 at 16:43hrs | | by Staff reporter

New ZiG banknote series circulation to start April 7

The Reserve Bank of Zimbabwe (RBZ) will introduce a new series of ZiG banknotes on April 7, 2026, Governor Dr John Mushayavanhu has announced.Presenting the 2026 Monetary Policy Statement, Dr Mushayavanhu said the new notes will circulate …

Published: 27 Feb 2026 at 16:13hrs | | by Staff reporter

PHOTOS: Zimbabwe's new bank notes

Zimbabwe’s central bank has announced that a new series of ZiG notes will be introduced on April 7, initially in denominations of ZiG10, 20, and 50, with the 100 and 200 notes to follow later.Governor John Mushayavanhu said the move will i…

Published: 27 Feb 2026 at 11:16hrs | | by Staff reporter

Zimbabwe drops 2030 deadline for monocurrency

The Reserve Bank of Zimbabwe (RBZ) has announced that Zimbabwe will no longer adhere to a fixed 2030 deadline for ending the multi-currency system and fully adopting the Zimbabwean dollar (ZiG).Governor John Mangudya said the transition wi…

Published: 27 Feb 2026 at 10:10hrs | | by Staff reporter

Zimbabwe inflation drops again

Zimbabwe's annual inflation rate for the Zimbabwe Gold currency (ZWG), commonly known as ZiG, eased to 3.8% in February 2026, signalling continued price stability under the country's tight monetary policy framework.According to the latest …

Published: 27 Feb 2026 at 08:19hrs | | by Staff reporter

Imminent ZiG notes rollout won't trigger price hikes

The imminent rollout of new Zimbabwe Gold (ZiG) banknotes will not lead to increases in prices of goods and services, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has assured, as the central bank continues to strengthen mac…

Published: 15 Feb 2026 at 12:15hrs | 424 | by Staff reporter

New ZiG notes will not increase inflation

THE local currency has appreciated against the dollar on the interbank foreign exchange market, benefitting from our prudent monetary policy stance, including optimal money supply and liquidity management, a market-determined exchange rate…

Published: 15 Feb 2026 at 08:49hrs | | by Dr John Mushayavanhu

RBZ urges calm ahead of new ZiG banknotes rollout

The Reserve Bank of Zimbabwe (RBZ) has moved to allay public concerns ahead of the introduction of new ZiG banknotes, assuring citizens that there is no need to rush to exchange existing currency notes.Speaking at a State of the Economy en…

Published: 30 Jan 2026 at 06:07hrs | 1231 | by Staff reporter

'ZiG now better than US$'

The Reserve Bank of Zimbabwe (RBZ) has acknowledged growing anxiety within the business community over proposed plans to transition from the United States dollar to a ZiG mono-currency system, but insists the move is essential for long-ter…

Published: 30 Jan 2026 at 05:56hrs | | by Staff reporter

RBZ prepares to introduce new ZiG notes

The Reserve Bank of Zimbabwe (RBZ) has reassured the public that there is no need to rush to exchange existing currency notes ahead of the introduction of new ZiG banknotes, emphasizing that the transition will be smooth and carefully mana…

Published: 30 Jan 2026 at 05:46hrs | 280 | by Staff reporter

Zimbabwe records rare single-digit inflation

Zimbabwe has recorded its first single-digit local-currency inflation in over two decades, according to official data, marking a significant milestone for the country's economic trajectory. The last time inflation dipped this low was in 20…

Published: 26 Jan 2026 at 14:44hrs | | by Staff reporter

RBZ to rollout new ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of Zimbabwe Gold (ZiG) banknotes in the coming months, fitted with enhanced security features and improved durability, as authorities intensify efforts to restore confiden…

Published: 23 Jan 2026 at 14:40hrs | | by Staff reporter

RBZ to entrench stability in push to monocurrency

The Reserve Bank of Zimbabwe (RBZ) will sustain its push towards the adoption of a single domestic currency for all internal transactions, building on economic gains recorded in 2025, while emphasising that the transition will be gradual a…

Published: 23 Jan 2026 at 07:57hrs | 323 | by Staff reporter

US dollar remains dominant as ZiG struggles for relevance

Despite government efforts to promote the gold-backed Zimbabwe Gold (ZiG) currency and claims that it has brought exchange rate stability, the United States dollar remains the most dominant currency in circulation and the real anchor of Zi…

Published: 20 Jan 2026 at 17:58hrs | | by Staff reporter

ZiG remains legal tender

Government has issued a firm directive to all schools, reaffirming that the Zimbabwe Gold (ZiG) currency and all currencies within the approved multicurrency basket remain legal tender for the payment of school fees, warning that demanding…

Published: 07 Jan 2026 at 04:10hrs | | by Staff reporter

Zimbabwean businesses remain sceptical over ZiG

The Confederation of Zimbabwe Industries (CZI) has revealed that most businesses remain sceptical about the Zimbabwe Gold (ZiG) currency, with many viewing its current stability as artificial and unlikely to be sustained.In its 2025 Third …

Published: 18 Dec 2025 at 13:24hrs | 250 | by Staff reporter

Zimbabwe's inflation continues downward trend

Zimbabwe's monthly and annual inflation rates continued to decline in November, reflecting the effects of the central bank's tight monetary policy measures. The Reserve Bank of Zimbabwe has maintained a restrictive stance since last year, …

Published: 04 Dec 2025 at 07:15hrs | 424 | by Staff reporter

Zimbabwe projects historic single-digit inflation by early 2026

Zimbabwe is on track to achieve single-digit local currency inflation by the first quarter of 2026, a milestone not reached since 1997, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has announced.Pr…

Published: 02 Dec 2025 at 13:41hrs | | by Staff reporter

ZiG annual inflation falls sharply to 19%

Zimbabwe's local currency annual inflation rate dropped sharply to 19% in November 2025, down from 32,7% in October, according to newly released data from the Zimbabwe National Statistics Agency (ZimStat). In contrast, inflation measured i…

Published: 02 Dec 2025 at 13:28hrs | 316 | by Staff reporter

ZiG stability spurs Zimbabwe economic recovery

The relative macroeconomic stability that has prevailed since the introduction of the Zimbabwe Gold (ZiG) currency in April 2024 has boosted business confidence, enabling companies to plan better, set consistent prices, and expand investme…

Published: 20 Oct 2025 at 07:18hrs | 574 | by Staff reporter

IMF's Bangladesh economists must stay out of Zimbabwe

The International Monetary Fund's (IMF) latest report on Zimbabwe's economy follows a familiar script - polite praise for modest progress, followed by subtle warnings and prescriptive reforms that often do more harm than good. At the heart…

Published: 08 Oct 2025 at 17:08hrs | 437 | by Changamire Dombo

RBZ cracks down on ZiG rejection

The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency,

Published: 09 Aug 2025 at 12:28hrs | | by Staff reporter

Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability

For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of the most challenging financial landscapes…

Published: 18 Oct 2024 at 10:56hrs | 107 | by Michael Badze

Can Zimbabwe ZiG-zag away from the USD?

ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest coming in April 2024 through the ZiG. The ZiG is ba…

Published: 13 Sep 2024 at 15:04hrs | 98 | by Nkosi Moyo

Why Zimbabwe should break free from the US dollar's grip

Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest financial mistakes Zimbabwe made was to put in place a bask…

Published: 11 Jul 2024 at 13:10hrs | 104 | by Nick Mangwana

ZiG to join global currency club with ISO Code

The Reserve Bank of Zimbabwe (RBZ) is in the process of applying for an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG) as it moves to make the unit a standalone currency. ISO currency codes are three-…

Published: 23 May 2024 at 18:25hrs | | by Tafara Shumba

Zimbabweans are distraught by financial trauma

GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currencies. Verily, citizenry are distraught by financi…

Published: 22 May 2024 at 08:52hrs | 97 | by Cyprian Muketiwa Ndawana

ZiG needs to be backed by RBZ discipline

According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets like gold.This new "structured currency" t…

Published: 16 Apr 2024 at 17:04hrs | | by Zimbabwe Coalition on Debt and Development

RBZ is the problem not ZiG!

Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disappear, or something?" Was the immediate reply fro…

Published: 16 Apr 2024 at 16:58hrs | | by Kenneth Mufuka

ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being

Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replacement for the declining Zimbabwean dolla…

Published: 10 Apr 2024 at 21:17hrs | 76 | by Elvis Dzvene

Zimbabwe finds a way to turn paper into gold long live Gushungo!!!

Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institutions that served them well for centurie…

Published: 09 Apr 2024 at 15:58hrs | | by Sam Wezhira

Introduction of ZiG Currency and its Economic Impact

On Friday the 5th of April 2024, the Zimbabwe Reserve Bank introduced a new "structured currency" called ZiG to tackle the ongoing economic crisis in the country. The new currency, Zim Gold (ZiG), will be backed by gold, and other precious…

Published: 08 Apr 2024 at 06:02hrs | 174 | by Matthew Dube Esquire

Is an underwear a leading economic indicator?

I was unfamiliar with the Men's Underwear Index - the MUI - until I heard it discussed this week on National Public Radio. Perhaps on the Marketplace Morning Report on WAMC. Or some similarly unassailable repository of economic news and an…

Published: 07 Apr 2024 at 12:42hrs | 104 | by Ralph Gardner Jr.

Search / Zig

Diesel tax bombshell: Govt scraps levies as Zimbabwe fuel costs soar above region

EMA Confirms Kitsiyatota Water Contamination, Yet Turns Blind Eye to Illegal Cyanide Mining

Wafawarova issued a letter of demand over alleged defamatory social media post

Australia to tour Zimbabwe for ODI series in September

Chiremba road overpass planned for Harare traffic corridor

Harare council workers in US$500k fraud scandal

FBC battles Zimra over US$10m tax dispute

Socialite in court for disorderly conduct

Mario forgives Teenage Hadebe

Chief's vehicle swept away in flood tragedy, 1 dead

Zimbabwe gazettes new fees for Victoria Falls financial hub

Zanu-PF bars journalists, villagers from Bill hearings?

Tagwirei tipped for Zanu-PF politburo

Truck ploughs into house on Christmas Pass

City of Bulawayo lodges claim against OK Zimbabwe

Extradited US$4m armed robbery suspect denied bail

Cabinet approves removal of low‑value transaction fees

Police arrest armed robbery suspects after Warren Park shootout

RTG targets new revenue streams

Mnangagwa arrives in Ghana for State Visit

Botha Mine accused of 'paper gymnastics' as EMA moves to enforce court order

Hwende criticises 'cruel and inconsiderate' Chamisa

Advocate Mpofu dismisses US$20 million 'cabal' claims

Biti slams CAB3 consultations as 'fraudulent scam'

Zimbabwe to host India for T20I Series in July

Villagers push for 10-year Presidential term at CAB3 hearings

Mnangagwa AU delegation on Human Rights

Chamisa says Zimbabwe has reached a 'breaking point'

Zimbabwe nurses to pay less for Certificate of Good Standing

Zimbabwe recalls Citro Soda batch over contamination risk

Jehovah's Witnesses employee admits to US$24,000 theft

Trial date set for Geza-linked war vets over anti-Mnangagwa march

Zimbabwean miners raises alarm over alleged gold adulteration scam

Court orders Huaxin to comply with Zimbabwe police search warrant

Mtshabezi river bridge reopens to motor­ists

Passion Java's sister gets 5 years in jail

Ex-cop in court on theft charges

Demand for Bulawayo firefighters surges globally

ZimStat sets monthly poverty line at US$50 per person

Zimbabwe trade surplus shrinks as imports outpace exports

Zimbabwe rolls out new civil service pay structure

Mnangagwa heads to Ghana

Police warn motorists after spike in road accidents

Sonja accused Chivayo of abusing the justice system

Zimbabwe fuel prices push truckers to South Africa

Zimbabwe death toll in Ukraine-Russia war rises to 18

Man axe, dies in dispute over sex worker

Zimbabwe export earnings surpass US$1bn mark

Bulawayo Mayor disgusted over son's assault at CAB3 hearing in Harare

Police hunt for Vic Falls theft suspect

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Mtshabezi river bridge reopens to motorists