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Zimbabwe gold reserves boost confidence in ZiG

Zimbabwe's gold reserves have surged by 198,7 percent to 4,48 tonnes in just two years, strengthening confidence in the country's gold-backed currency, the Zimbabwe Gold (ZiG), amid continued efforts to stabilise the economy.President Emme…

Published: 17 May 2026 at 11:54hrs | | by Staff reporter

Zimbabwe bank withdrawal fees cut to 2%

Zimbabwe has capped bank cash withdrawal charges at 2% for both U.S. dollar and Zimbabwe Gold (ZiG) transactions under a new set of financial sector reforms aimed at reducing banking costs and expanding financial inclusion.Mthuli Ncube ann…

Published: 14 May 2026 at 19:20hrs | 568 | by Staff reporter

RBZ releases ZiG669 million in new banknotes

The Reserve Bank of Zimbabwe has released new local currency banknotes worth ZiG669 million into circulation as part of efforts to improve cash availability and encourage wider use of the ZiG currency.According to RBZ Governor John Mushaya…

Published: 10 May 2026 at 14:34hrs | 643 | by Staff reporter

Biggest obstacle facing ZIG

Zimbabwe's government has acknowledged that public confidence remains the biggest obstacle facing the country's gold-backed currency, the Zimbabwe Gold (ZiG), despite official backing and growing foreign currency reserves.Deputy Finance Mi…

Published: 08 May 2026 at 21:08hrs | 1286 | by Staff reporter

Zimbabwe secures US$1,4bn investment commitments

Zimbabwe has secured US$1,4 billion in investment commitments in the first quarter of 2026, signalling renewed investor confidence and strengthening momentum towards economic growth under Vision 2030.The commitments were recorded by the Zi…

Published: 05 May 2026 at 13:03hrs | | by Staff reporter

New ZiG notes ease cash crunch

The introduction of new Zimbabwe Gold (ZiG) banknotes is beginning to ease cash shortages and improve everyday transactions, although economists say long-term confidence will depend on whether the currency can consistently retain its value…

Published: 05 May 2026 at 13:03hrs | | by Staff reporter

Property developers cut risk as ZiG uncertainty grows

Property developers in Zimbabwe are shortening payment terms and shelving long-term projects amid growing uncertainty over the Zimbabwe Gold (ZiG) currency and speculation about a possible shift toward a mono-currency system.Industry playe…

Published: 03 May 2026 at 08:47hrs | 739 | by Staff reporter

Zimbabwe banks push back against RBZ tight policy

Zimbabwe's top bankers have mounted a rare and coordinated pushback against the central bank's tight monetary policy, warning that while it has restored stability, it is now choking credit growth and straining the wider economy.The Reserve…

Published: 24 Apr 2026 at 16:05hrs | | by Staff reporter

Fuel stations in Harare shun ZiG payments

Several fuel service stations in Harare are refusing to accept the Zimbabwe Gold (ZiG) currency, raising fresh concerns over the viability of the country's latest monetary reform.A survey conducted by NewsDay across the capital revealed th…

Published: 24 Apr 2026 at 16:02hrs | 469 | by Staff reporter

Zimbabwe eyes gradual shift away from US Dollar

Zimbabwe could eventually phase out the United States dollar for everyday transactions as part of a long-term plan to restore confidence in the local currency, a senior central bank official has said.Reserve Bank of Zimbabwe (RBZ) deputy g…

Published: 22 Apr 2026 at 14:37hrs | 1470 | by Staff reporter

Zimbabwe's currency is undervalued by nearly half

Zimbabwe's currency is undervalued by almost half, the governor of the central bank said, pointing to the foreign reserves and gold that back the unit."If we wanted to buy back all the local currency that is in the market using the reserve…

Published: 20 Apr 2026 at 09:20hrs | | by Staff reporter

Scepticism grows over new ZiG banknotes

Zimbabweans have expressed scepticism over the rollout of upgraded Zimbabwe Gold (ZiG) banknotes, which began on Tuesday, with many citizens saying the local currency still lacks value and is not widely accepted in everyday transactions.Th…

Published: 08 Apr 2026 at 10:35hrs | | by Staff reporter

New ZiG notes trigger exchange rate spikes

The Reserve Bank of Zimbabwe (RBZ) on Tuesday released a new series of local currency banknotes aimed at improving market liquidity, but the move immediately triggered turbulence on the parallel market, raising fresh fears of inflationary …

Published: 08 Apr 2026 at 08:09hrs | | by Staff reporter

New ZiG notes begin circulating through ATMs

Automated Teller Machines (ATMs) in Harare have started dispensing newly upgraded Zimbabwe Gold (ZiG) banknotes following their official rollout on Tuesday.Customers at several banks, including a branch in Borrowdale, were among the first …

Published: 07 Apr 2026 at 10:34hrs | | by Staff reporter

New ZiG banknotes enter circulation today

People are expected to queue outside major banks across the country today as the Reserve Bank of Zimbabwe (RBZ) begins circulating a new series of Zimbabwe Gold (ZiG) banknotes, marking a major milestone in the country's monetary reforms.T…

Published: 07 Apr 2026 at 09:14hrs | | by Staff reporter

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 | | 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 | 454 | 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 | 902 | 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 | 564 | 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 | 452 | 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 | 580 | 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 | | 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 | 783 | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | 1907 | 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 | 1017 | 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 | 555 | 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 | | 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 | 336 | 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 | 760 | 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 | 948 | 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 | 422 | 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 | 592 | 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 | | 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 | | 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

Search / Zig

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Joseph Kanyekanye in court for fraud

Chivayo, Ginimbi destroyed my business, Nduna tells court

Zanu-PF cracks down on dissent amid term extension row

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