Online Reporter
Nqobile Bhebhe Zimpapers Business Hub
THE Reserve Bank of Zimbabwe (RBZ) has hailed the Zimbabwe Gold (ZiG) currency for its sustained stability, noting that it is performing remarkably well when compared to several regional currencies within the Southern African Development Community (SADC) and beyond.
In its 2025 Mid-Term Monetary Policy Statement released yesterday, the central bank said that since its introduction in April 2024, ZiG has fostered price predictability and economic certainty, key ingredients for a stable macroeconomic environment.
“The stability of the ZiG currency, introduced in April 2024, alongside the recalibrated monetary policy framework has increased predictability and certainty in monetary and financial affairs.
“Against this background, ZiG performance has compared well with regional currencies in terms of cost of living, thereby, establishing its position in the family of selected currencies in the Southern African Development Community (SADC) and beyond,” reads part of the policy statement delivered by RBZ Governor Dr John Mushayavanhu.
A comparative analysis contained in the policy document shows that the ZiG has helped anchor Zimbabwe’s cost of living at a baseline index of 1.0, a benchmark used to assess affordability across the region.
Countries such as Seychelles (1.81), Democratic Republic of Congo (1.42), Angola (1.35) and South Africa (1.40) all registered significantly higher living costs despite their respective economic strengths or currency valuations.
The performance underscores the strength of ongoing monetary reforms in cushioning citizens from volatile exchange rate-induced inflation and unstable pricing dynamics.
Zimbabwe’s Gross Domestic Product (GDP) per capita is also reported to be outperforming that of some regional peers, standing at US$2 656 compared to Zambia’s US$1 235 and Malawi’s US$508 a trend the central bank attributes to sustained policy discipline and increased production capacity.
The Mid-Term Monetary Policy Statement comes amid growing public and investor confidence in the ZiG, with authorities emphasising continued focus on fiscal consolidation, money supply restraint, and exchange rate stability to preserve the gains achieved so far.
