Central
bank
governor
John
Mushayavanhu
said
the
surge
in
usage,
from
ZiG7.86
billion
in
April
to
ZiG56.8
billion
by
May
30,
reflects
growing
public
confidence
and
increasing
acceptance
of
the
structured
currency
across
the
economy.
Said
Mushayavanhu:
It
is
important
to
note
that
the
prevailing
macroeconomic
stability
has
improved
ZiG’s
demand
for
transactions
and
saving
purposes.Importantly,
the
velocity
of
ZiG
has
significantly
moderated,
suggesting
that
an
increasing
number
of
economic
agents
are
now
keeping
ZiG
in
their
bank
accounts
for
relatively
longer
periods.Reflecting
on
this,
the
proportion
of
local
currency
transactions
on
the
National
Payment
System
increased
from
ZiG7,86
billion
(26
percent)
in
April
2024
to
ZiG56,8
billion
(43
percent)
as
at
May
30,
2025.Consequently,
and
naturally,
the
improvement
in
local
currency
settlements
has
also
resulted
in
increased
demand
for
ZiG
cash
in
the
economy.These
developments
largely
reflect
increased
confidence
in
the
local
currency
by
economic
agents
and
increased
ZiG
usage
in
the
economy.
Responding
to
recent
concerns
over
the
availability
of
physical
ZiG
notes,
Mushayavanhu
said
the
central
bank
has
increased
cash
disbursements
to
banks
and
is
working
closely
with
financial
institutions
to
improve
access,
especially
through
ATMs
and
banking
halls
in
remote
and
underserved
areas.
He
said:
The
Reserve
Bank
is
actively
working
to
enhance
access
to
ZiG
cash
through
ATMs,
and
banks
are
currently
in
the
process
of
configuring
their
systems
to
facilitate
this
cash
disbursement
through
ATMs.The
level
of
economic
activity
and
increased
usage
of
transactions
settled
in
ZiG
in
the
economy
guide
the
amount
of
ZiG
notes
and
coins
to
be
injected
into
the
economy.In
this
context,
the
Reserve
Bank
remains
committed
to
ensuring
that
all
the
demand
for
ZiG
cash
is
met
and
that
it
fully
supports
transactional
convenience.
Mushayavanhu
dismissed
concerns
that
increasing
the
amount
of
physical
cash
in
circulation
could
trigger
inflation
or
destabilise
the
economy.