Harare, Zimbabwe – February 6, 2025 – Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has unveiled the 2025 Monetary Policy Statement, anchored on the central bank’s “Back-to-Basics” strategy. The policy aims to consolidate price stability, currency reforms, and financial sector integrity, with a significant highlight being the introduction of new, better-quality ZiG notes.

The statement comes as Zimbabwe experiences relative inflation and exchange rate stability, following tight monetary policies implemented in late 2024. These measures included an upward review of the Bank Policy Rate and statutory reserve requirements, which contributed to stabilizing the economy. The RBZ also pledged continued strategic foreign exchange interventions to enhance market efficiency and price discovery.

READ THE POLICY STATEMENT HERE

The new ZiG notes are expected to improve currency quality and accessibility, particularly in remote areas, and align with international standards. Governor Mushayavanhu reaffirmed the central bank’s commitment to maintaining a tight monetary policy stance, balancing inflation control with the projected 6% economic growth for 2025. Key reforms, including enhanced liquidity management, digital payment expansion, and foreign exchange market refinements, aim to foster long-term economic resilience.