Zimbabwe's Reserve Bank Eases Fears Over Gold Currency Availability: A Bright Future for the ZiG?
In an exciting development for Zimbabwe’s economy, the Reserve Bank of Zimbabwe (RBZ) has assured the public that the much-discussed Zimbabwe Gold currency, affectionately known as ZiG, is becoming increasingly accessible. According to official statements from RBZ, some local banks are gearing up to distribute this much-anticipated currency through automated teller machines (ATMs) soon, putting to rest some of the widespread concerns around its availability.
This announcement came from RBZ Governor John Mushayavanhu during a press briefing, where he highlighted a significant uptick in the use of ZiG across various economic sectors. “The adoption and usage of ZiG have improved significantly,” he stated, emphasizing the currency’s growing acceptance among the public and businesses alike.
According to recent RBZ statistics, the volume of local currency transactions processed through the National Payment System soared from ZiG 7.86 billion (26 percent) in April 2024 to an astonishing ZiG 56.8 billion (43 percent) by May 30, 2025. This surge indicates a healthy acceptance and reliance on the ZiG among the Zimbabwean populace.
Addressing the concerns over the perceived scarcity of the gold-backed currency, RNZ clarified that it has diligently managed the disbursement of cash to banks based on the prevailing demand. As of mid-June, the total deposit of ZiG stood at approximately ZiG 16 billion, showcasing a robust banking infrastructure that many might overlook. Furthermore, RBZ officials firmly believe that this figure is more than satisfactory for daily operations, ensuring that residents can comfortably carry out withdrawals and deposits.
To further ease access to ZiG, the RBZ shared its commitment to collaborating with financial institutions to enhance the distribution channels for this currency. Some banks are already rolling out ATMs capable of dispensing ZiG, with many more soon to follow suit. This initiative indicates a forward-thinking approach to banking and economic engagement.
As we anticipate these developments, Mushayavanhu reassured the public that the RBZ is fully prepared to maintain and protect the purchasing power of the ZiG “at all costs.” With these positive strides, the Zimbabwe Gold currency is shaping up to be a vital player in the nation’s financial landscape, marking a promising chapter in Zimbabwe’s economic recovery.
Stay tuned for more updates on this exciting journey for Zimbabwe’s economy as we continue to keep you informed!
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