Online Reporter
Debra Matabvu
Herald Reporter
ZIMBABWE is enjoying currency stability for the first time in 22 years, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Nube has said.
Speaking at the 2026 Pre-Budget Seminar in Bulawayo on Wednesday, Prof Ncube said the Zimbabwe Gold (ZiG) currency has demonstrated greater stability than any other local currency introduced over the past 22 years.
“This is the first time that Zimbabwe has enjoyed domestic currency stability since 2003,” he said.
“In between, there was instability of the domestic currency. We introduced various currencies in between and they were unstable. We have now introduced ZiG, which is now stable. So you can see this is domestic currency stability since 2003.”
The Government has been implementing a range of measures to promote wider use of the currency, including enforcing the mandatory acceptance of ZiG for all local transactions, expanding access to ZiG-denominated banking and digital payment platforms, and ensuring the availability of smaller denominations to facilitate everyday purchases.
Furthermore, the Reserve Bank of Zimbabwe (RBZ) has maintained a tight monetary policy to control money supply growth, supported by increased gold and foreign currency reserves backing the ZiG.
