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.