HARARE — The High Court has delivered a scathing assessment of Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, describing his legal submissions as "untenable" and "highly misleading" in a landmark ruling that unfroze US$7 million belonging to Al Shams Global Ltd. The judgment, handed down by Justice Jacob Mafusire, marks a significant legal defeat for the central bank and raises serious questions regarding the procedural integrity of the nation's top monetary autho

A general hand employed by the Reserve Bank of Zimbabwe has been arrested after allegedly stealing US$1,500 from his workplace and gambling away the entire amount on the online betting game Aviator, widely known in Zimbabwe as “chindege.” The incident, which occurred on 25 April 2026, has once again put the spotlight on the rising risks associated with online gambling platforms in the country.

The Reserve Bank of Zimbabwe (RBZ), through its Financial Intelligence Unit (FIU), has directed banks to immediately freeze accounts linked to mobile money agents suspected of involvement in illicit foreign currency transactions and money laundering. The directive, issued by Acting FIU Director-General Oliver Chiperesa, targets agents operating on EcoCash and OneMoney platforms.

Deputy Governor Matshe was careful to manage expectations regarding the timeline, emphasizing that the move away from the U.S. dollar would be a slow, phased process rather than an overnight shift. “Not soon, but one day,” Matshe stated, noting that the ZiG has already demonstrated resilience, having gained approximately 2.5% in value over the past three months.

BULAWAYO — A significant shift is taking hold in the Midlands capital as service stations in Bulawayo have begun accepting the Zimbabwe Gold (ZiG) currency for fuel purchases. This development signals growing confidence in the local currency and marks a notable departure from the resistance encountered following the ZiG's introduction in April 2024.

HARARE – The Reserve Bank of Zimbabwe (RBZ) is set to inject a fresh wave of liquidity into the economy starting Tuesday, April 7, 2026. Governor John Mushayavanhu has confirmed that commercial banks are ready to begin the distribution of new Zimbabwe Gold (ZiG) banknotes, ending weeks of anticipation for increased physical cash.

The Reserve Bank of Zimbabwe has announced the coming introduction of higher-quality ZiG banknotes with stronger paper, cleaner print, and longer durability in circulation. Technically, that sounds reassuring. A country’s currency should look respectable. Money carries national identity. But across shops, kombis and WhatsApp groups, the reaction has not been excitement. It has been a quieter question: Will the new notes last in the wallet or only in the pocket? Because in Zim

HARARE – The Reserve Bank of Zimbabwe (RBZ) has suspended its controversial 10% local currency retention requirement for small-scale gold miners, reverting to 100% US dollar payments following strong resistance from the sector. The policy reversal comes less than a month after the central bank introduced a 90:10 payment framework on February 27, requiring artisanal miners to receive a portion of their gold proceeds in Zimbabwe Gold (ZiG).

The Reserve Bank of Zimbabwe (RBZ) has moved to calm market concerns following the government’s decision to pay local suppliers exclusively in the Zimbabwe Gold (ZiG) currency.

HARARE – A senior official at the Reserve Bank of Zimbabwe (RBZ) has urged citizens to change their perceptions of the country’s local currency, the Zimbabwe Gold (ZiG), saying public confidence is critical for the nation’s long-term goal of achieving a mono-currency economy.

Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Mthuli Ncube, has gazetted a new family of ZiG banknotes following their unveiling during the 2026 Monetary Policy Statement. The new notes were first presented last week by John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe (RBZ).

The Reserve Bank of Zimbabwe (RBZ) has announced major changes to bank charges, placing limits on withdrawal and swipe fees and removing some charges altogether. The move is meant to make banking more affordable and encourage people to use formal financial services.

The Reserve Bank of Zimbabwe (RBZ) has officially decoupled its transition to a monocurrency system from a fixed timeline, opting instead for a conditions-based framework under which the move will only be implemented once strict economic benchmarks are met.