Business Reporter
THE Reserve Bank of Zimbabwe (RBZ) has confirmed that the journey towards the adoption of single currency is progressing well with a number of economic fundamentals taking shape to embrace the change.
The Southern Africa nation is currently operating under a multi-currency system which has seen the US$ gaining dominance. However market indications point to a plans to transition to a mono-currency regime.
The April 5 2024 born ZWG currency has to date surpassed a twelve months long run of unshaken exchange rate stability prompting the soaring of confidence levels across the economy.
In a statement accompanying the latest quarterly economic update, the RBZ this week revealed that plans towards the mono currency system are progressing well.
“RBZ notes improving conditions for a future mono-currency regime, including macroeconomic stability, reserve accumulation, stable exchange rates, increased ZWG usage, payment system efficiency, and strong fiscal-monetary policy coordination,” said the central bank.
The bank said 2025 outcomes point to strengthened monetary credibility, improved macro-financial stability, and cautious progress toward long-term currency consolidation, with sustainability in 2026 dependent on continued policy discipline and reserve accumulation.
It credited the 2025 monetary policy for its effectiveness , restoring discipline and delivering measurable gains in inflation control, exchange-rate stability, and financial sector confidence.
“As a result, the ZWG annual inflation declined to 15% by end-2025, well below the 30% target. Month-on-month inflation averaged 0.4% from February to December 2025, indicating price stability. The interbank exchange rate remained broadly stable around ZWG 26 per US$1 while the parallel market premium was contained below 20% for most of 2025,” said the RBZ.
During the quarter under review, ZWG currency in circulation reached ZWG 5,31 billion, with increasing domestic use (about 30–40% of national payment transactions).
Foreign currency reserves reached about US$1.2 billion, equivalent to 1.5 months of import cover, backing ZWG reserve money by nearly 6 times.-Foreign currency receipts reached US$16.2 billion in 2025.
