The Reserve Bank of Zimbabwe (RBZ) has reassured the public that there is no need to rush to exchange existing currency notes ahead of the introduction of the new ZiG banknotes. The central bank said the transition will be smooth and carefully managed.
Speaking at a State of the Economy engagement in Bulawayo on Thursday, 29 January 2026, RBZ Deputy Governor Innocent Matshe said the bank is taking a cautious approach to the rollout to maintain stability and prevent unnecessary panic in the market. Said Matshe:
“The new ZiG notes will be in the market late this quarter or in the second quarter and will strong durable features.
“There is no need for people to rush to exchange the current notes with new ones. They will remain a legal tender.”
The RBZ said the introduction of the new ZiG notes is primarily aimed at improving currency credibility, security, and durability, rather than increasing the money supply.
The central bank hopes the move will boost confidence in the ZiG, encourage investment, and stabilise everyday transactions.
However, many Zimbabweans remain sceptical, pointing to past failures of local currencies.
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