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The Zimbabwean Government is stepping up efforts to increase the circulation of the Zimbabwe Gold (ZiG) currency in physical cash form, responding to widespread public concern over limited access to local currency notes, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has revealed.
The push comes after the introduction of the gold-backed ZiG in April last year, which replaced the inflation-stricken Zimbabwe dollar. Since its launch, the currency has demonstrated notable stability, supported by a steadier exchange rate and declining inflation levels.
During the 2026 National Budget consultations held across the country, one of the most dominant public demands was the need for more ZiG cash in circulation. Speaking at the 2026 Pre-Budget Seminar in Bulawayo last week, Prof Ncube explained that the Government—working through the Reserve Bank of Zimbabwe (RBZ)—is already implementing measures to expand the availability of ZiG notes.
He stated that the RBZ is increasing the supply of physical ZiG to ensure that citizens “can feel this currency,” adding that the authorities are also preparing to introduce higher-denomination notes. These will enhance convenience for the public, while plans are underway to upgrade note quality to make them more durable.
Prof Ncube emphasised that the rollout will be carried out cautiously and responsibly to maintain public confidence in the currency. He stressed that the Government intends to avoid reckless monetary expansion while still responding effectively to citizens’ needs.
To reinforce the adoption and usability of the ZiG, the Government has implemented several supportive policies. These include making ZiG mandatory for all local transactions, broadening access to banking and digital payment platforms that support ZiG denominations, and ensuring that adequate small-value notes are available for daily purchases.
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Additionally, the RBZ continues to maintain a strict monetary policy designed to control money-supply growth. This strategy is backed by strengthened reserves in both gold and foreign currency, ensuring the credibility and stability of the ZiG. Overall, the Government aims to enhance public access to local currency cash while safeguarding the stability and integrity of the nation’s monetary system.