Zimbabwe is set to begin circulating upgraded Zimbabwe Gold (ZiG) banknotes this Tuesday in what authorities describe as a major milestone in the country’s currency reform programme.
The Reserve Bank of Zimbabwe (RBZ) confirmed that the rollout will take place in phases, starting with lower denominations including ZiG10, ZiG20 and ZiG50 notes, while ZiG100 and ZiG200 denominations are expected to follow later.
Stronger reserves support domestic currency
The latest rollout comes at a time when Zimbabwe’s foreign currency reserves have increased to approximately US$1.3 billion.
Officials say this stronger reserve position is helping reinforce confidence in the domestic currency and support broader monetary stability.
The upgraded notes are expected to feature improved durability, advanced security features and print quality aligned with international standards.
Existing ZiG notes will continue to circulate during the transition period before a gradual phase-out process begins.
Public and economists welcome move
Members of the public have welcomed the introduction of smaller denominations, saying it will improve access to change and simplify daily transactions.
Economists have also backed the move.
Economist Zachary Tambudzai said the rollout, combined with tighter monetary policy and public awareness campaigns, represents a significant step in safeguarding Zimbabwe’s domestic currency.
The reform comes as Zimbabwe reports improving economic indicators, including single-digit inflation in local currency terms, a relatively stable exchange rate and a narrowing gap between official and parallel market rates.
Analysts say these gains could help strengthen public trust in the ZiG currency going forward.
Source: RBZ / ZBC News
