The Reserve Bank of Zimbabwe (RBZ) has commenced the production of redesigned ZiG banknotes as part of its broader strategy to establish a unified national currency within the next five years.
These updated notes will feature advanced security elements to deter counterfeiting and will be printed on more durable material to increase their lifespan.
Many Zimbabweans have expressed concerns about the current banknotes, which tend to degrade quickly—fading, tearing, and becoming unsuitable for everyday use. Financial institutions and retailers have also voiced their frustration, citing the high costs and inconveniences associated with worn-out cash.
Currently, only the ZiG10 and ZiG20 denominations are circulating. The new redesign will be applied across all denominations originally introduced when the ZiG currency was launched in April of the previous year.
According to RBZ Governor Dr. John Mushayavanhu, this initiative is not about replacing the currency but rather enhancing the existing banknotes. He emphasized that the redesign process is well underway and aligns with international benchmarks.
“In line with the mid-term Monetary Policy Statement, the Reserve Bank is modernising the ZiG note series to improve both quality and durability for everyday use. The redesign process is progressing smoothly and nearing completion. We will inform the public about the official rollout timeline in due course,” said Dr. Mushayavanhu.
Dr. Mushayavanhu reassured the public that there is no plan to introduce a completely new currency. The ZiG will remain in place, with only its design and physical quality being upgraded to meet international standards.
“I want to make it clear—this is not a new currency issue. There’s no reason for concern. What we’re doing is simply updating the current banknotes to ensure they are more secure and durable,” he explained.
ALSO READ : Urban Cash Transfer Programme Collapses After Single Payout
