Local banks ready to dispense ZiG from ATMs— says RBZ, assures of currency availability

ZIMBABWE’s apex bank has pacified the public stating that the elusive Zimbabwe Gold currency, popularly known as ZiG, is more readily available amid reports some banks will soon dispense it at automated teller machines (ATMs).

The announcement made Friday by the Reserve Bank of Zimbabwe (RBZ) was meant to calm widespread concerns over the scarcity of ZiG notes.

In a statement, RBZ Governor John Mushayavanhu said the use of ZiG has “improved significantly in the economy.”

According to RBZ statistics, the proportion of local currency settlements through the National Payment System rose from ZiG7,86 billion (26 percent) in April 2024 to ZiG56,8 billion (43 percent) as of May 30, 2025.

RBZ said it has timeously disbursed enough cash to banking institutions in line with demand, hence there was never a shortage.

The central bank noted that as of June 12, the total ZiG deposits amounted to about ZiG16 billion, of which over ZiG207 million was cash held by banks.

Despite some public perception, officials firmly insist that this amount is “sufficient to support daily deposits and withdrawals by the public”.

lnorder to address local currency accessibility, the RBZ revealed it is actively working with financial institutions to ensure a wider distribution of ZiG cash.

“Some banks have already made ZiG cash available through ATMs, while other banks are in the process of configuring their ATMs to disburse ZiG cash in due course”.

Mushayavanhu claimed there is adequate ZiG in circulation to meet current and future demand. Authorities are steadfast in safeguarding the ZiG’s purchasing power “at all costs”.-newzim