Online Reporter
Business Reporter
The Reserve Bank of Zimbabwe (RBZ) has issued a 30-day open market operations instrument, the ZiG Denominated Term Deposit Facility (ZiGDTDF) Bill, as part of broader efforts to uphold the stability of the Zimbabwe Gold (ZiG) currency and incentivise a national savings culture.
The facility offers investors a positive real interest rate of 8 percent per annum and is open to corporates, individuals, insurance and pension funds, banks, POSB, and deposit-taking microfinance institutions.
According to the prospectus released by the central bank, the instrument carries a 30-day tenor and will be issued in ZiG currency. Minimum subscription thresholds have been set at ZiG10 million for financial institutions, ZiG500,000 for corporates, and ZiG100,000 for individual investors.
The offer opened on Thursday, 3 September 2026, and closes on Wednesday, 9 September 2026, at 14:00 hours, with settlement and issuance scheduled for the same day.
The ZiGDTDF Bill carries prescribed asset status and liquid asset status, making it attractive to regulated entities seeking to meet statutory requirements. It is also acceptable as collateral for accommodation and is tradable, with redemption payable at the RBZ upon maturity.
The central bank said the instrument aligns squarely with the 2026 Monetary Policy Statement framework, which emphasises the payment of real interest rates to depositors, exchange rate stability, market-based liquidity management, and strengthening confidence in ZiG-denominated financial assets.
“The RBZ reserves the right to accept or reject a portion of any or all tenders,” the bank cautioned in its prospectus.
The move comes as Zimbabwe continues to consolidate monetary policy reforms aimed at entrenching the ZiG as a stable store of value and medium of exchange. Market watchers will be closely monitoring subscription levels as a gauge of investor confidence in the new instrument.
