The Reserve Bank of Zimbabwe (RBZ) has announced that redesigned ZiG banknotes are complete and ready for release, with circulation expected to begin in early 2026 through commercial banks and approved distribution points.
RBZ Governor Dr John Mushayavanhu said the central bank has reached an advanced stage of preparation but will introduce the notes cautiously to protect price stability and exchange rate performance.
In an interview, Dr Mushayavanhu explained that the rollout will be gradual and informed by prevailing economic conditions as well as actual cash demand in the market. He indicated that the first phase of circulation is anticipated within the first quarter of 2026, allowing authorities to closely observe market behaviour and manage the transition effectively.
He emphasised that the issuance of physical ZiG notes will not result in an increase in money supply. Instead, banks will obtain the cash by converting their existing electronic balances held at the RBZ, a measure aimed at preserving monetary discipline while improving access to cash.
To build public trust, the central bank will launch a nationwide education campaign to familiarise citizens with the new banknotes, including their security features, durability, and the measures in place to protect currency stability.
Dr Mushayavanhu noted that the initiative builds on economic progress achieved in 2025 and is intended to make everyday transactions easier without undermining the stability of the ZiG.
He added that inflation and exchange rate conditions are expected to remain steady, supported by improved foreign currency management frameworks and strengthening economic fundamentals.
Zimbabwe’s foreign currency reserves have grown to approximately US$1.1 billion, covering about 1.2 months of import requirements and boosting confidence in the local currency.
Looking ahead, the RBZ Governor said the outlook for 2026 is positive, with economic growth projected at 5 percent under the National Development Strategy 2. Inflation is expected to continue moderating, with the central bank aiming for single-digit annual inflation by the first quarter of 2026 and convergence with SADC macroeconomic targets by 2029, in line with plans to move toward a mono-currency system.
