Zimbabwe Pushes for Wider Adoption of ZiG Currency

The Reserve Bank of Zimbabwe (RBZ) is stepping up efforts to expand the adoption of the Zimbabwe Gold (ZiG) currency, particularly in border towns and Matabeleland provinces. This push comes as the local currency has shown stability against the US dollar, fostering more predictable pricing and lower inflation. The government is also working to rebuild trust in the currency through consistent policies and engagement with the private sector.

RBZ Deputy Governor Dr. Innocent Matshe acknowledged that some border communities, such as Beitbridge and Plumtree, have been slower to adopt ZiG due to historical reliance on multiple currencies. He assured that the central bank has been distributing the local currency across the country, emphasizing that any gaps in availability should be addressed. Matshe noted that areas like Gokwe have fully embraced ZiG, as cotton farmers receive part of their earnings in the local currency.

Matshe urged citizens to use ZiG for everyday transactions, warning against unnecessary currency conversions that lead to value loss. He also reiterated that no school or economic agent is permitted to reject ZiG payments under the multicurrency system. Fuel companies are gradually transitioning to accept ZiG, marking progress in the broader economic shift.

During the Zimbabwe Economic Development Conference (ZEDCON) 2026, Deputy Minister of Finance David Mnangagwa stressed the importance of consistent messaging from policymakers to rebuild public confidence in currency management. Matshe highlighted that the RBZ has introduced facilities to support ZiG use, including arrangements with miners to ensure local currency obligations are met. The transition to full ZiG adoption, he noted, will be driven by market demand rather than government mandates.