The Reserve Bank of Zimbabwe (RBZ) says use of the Zimbabwe Gold (ZiG) currency is steadily increasing across the economy, with the local unit now accounting for between 30 and 40 percent of total transactions processed through the national payment system.
In its latest economic and monetary review released last Friday, the central bank said the expanding footprint of the ZiG demonstrates rising public confidence in the currency and the effectiveness of measures put in place to stabilise the monetary environment.
“The ZiG is increasingly being used in the economy, accounting for about 30–40 percent of total national payment system transactions, reflecting rising acceptance in day-to-day payments and domestic trade,” the RBZ said.
The central bank said the trend signals a gradual shift towards greater use of the domestic currency in local transactions, particularly for retail payments and internal trade, as authorities continue to entrench monetary discipline.
“The growing utilisation of ZiG in payment transactions indicates improving confidence in the local unit, underpinned by tight monetary policy, fiscal discipline and the currency’s structured backing,” the RBZ noted.
According to the RBZ, the amount of ZiG in circulation currently stands at about ZiG510 million, which represents approximately three percent of broad money supply.
The central bank said this level remains consistent with its objective of maintaining currency stability while avoiding excess liquidity in the economy.
“ZiG in circulation remains well contained at around ZiG510 million, equivalent to roughly three percent of broad money, which is supportive of price and exchange rate stability,” the bank said.
The RBZ also reported that inflationary pressures associated with the ZiG have continued to ease, with annual ZiG inflation declining to about 15 percent by December 2025.
The bank attributed the slowdown to prudent monetary management and improved coordination with fiscal authorities.
“Annual ZiG inflation eased to 15 percent by December 2025, reflecting the impact of restrained money supply growth, stability in the exchange rate and improved market confidence,” the RBZ said.
On the exchange rate, the central bank said the ZiG has remained stable at around ZiG26 to the United States dollar, which it said has helped anchor prices and strengthen predictability in the market.
“The ZiG exchange rate has remained stable at around ZiG26 per US dollar, providing a firm nominal anchor for the economy and supporting the moderation of inflation,” the RBZ added.
RBZ said it will continue to closely monitor developments in the payment system and broader economy to consolidate gains achieved so far.
“The Bank remains committed to preserving the value of the ZiG and enhancing its usability in the economy through consistent policy implementation and sustained confidence-building measures,” the central bank said.
