The Government of Zimbabwe is implementing measures to enhance the circulation of its Zimbabwe Gold currency in response to public demand for more physical cash. Finance Minister Mthuli Ncube stated that the Reserve Bank of Zimbabwe has a program to increase the amount of ZiG cash available. He also announced plans to introduce higher denomination notes and improve the durability of the currency.
Minister Ncube emphasized that this expansion would be conducted prudently and responsibly. The government's broader strategy includes enforcing the mandatory acceptance of ZiG for local transactions and expanding access to ZiG-denominated digital payment platforms. These efforts are supported by a tight monetary policy and increased gold and foreign currency reserves backing the currency.
Minister Ncube emphasized that this expansion would be conducted prudently and responsibly. The government's broader strategy includes enforcing the mandatory acceptance of ZiG for local transactions and expanding access to ZiG-denominated digital payment platforms. These efforts are supported by a tight monetary policy and increased gold and foreign currency reserves backing the currency.
