The Reserve Bank of Zimbabwe has taken the Zimbabwe Gold (ZiG) awareness campaign to rural communities as part of efforts to strengthen public understanding and confidence in the country’s currency.
Villagers in Gutu District recently attended an outreach programme aimed at promoting financial literacy and explaining the stability and use of the ZiG currency ahead of the release of new banknotes expected to enter circulation next month.
Residents welcomed the initiative, saying the engagement had helped clarify how the currency works and why it should be supported in everyday transactions.
“We are grateful that the Reserve Bank of Zimbabwe has come to explain the ZiG currency and the new notes they are going to put in circulation to us here in the rural areas. Now we understand how it works and why it is important to support it in our daily transactions with villagers, including traditional leaders,” Ms Jeniffer Chanyau said.
“We are proud to have our own currency as Zimbabweans. The explanations we received today helped us understand the Zimbabwe Gold and why we must support it for the growth of our economy,” Mr Benson Dandira stated.
“We are also happy to hear that new ZiG notes will be introduced. They are said to be more durable and secure, which will make it easier for people, especially in rural areas, to use the currency,” Ms. Pettina Mabwe noted.
Deputy President of the Chiefs’ Council, Chief Fortune Charumbira, said traditional leaders would help cascade the awareness campaign to grassroots communities.
“As traditional leaders, we are happy that the government is proving that it has its people at heart. We are having these campaigns up to village level, and from the explanations given, we are going to take these awareness campaigns further to our people.”
Addressing the gathering, Reserve Bank of Zimbabwe Governor, Dr. John Mushayavanhu, said the campaign seeks to ensure that all Zimbabweans understand the fundamentals of the country’s monetary policy and the importance of supporting the ZiG currency.
“As the Reserve Bank of Zimbabwe, our priority is to maintain a stable currency, achieve price stability, and instill public confidence in our own currency, the Zimbabwe Gold. The currency is backed by our gold reserves, which now stand at over four tonnes, together with other reserves. With inflation now at a single digit and a controlled money supply, we are confident about the stability of the ZiG, and we are now introducing more durable products.
