Tapiwanashe Mangwiro
Senior Business Reporter
The Reserve Bank of Zimbabwe (RBZ) has outlined its five-year strategic focus on entrenching price stability, strengthening the Zimbabwe Gold (ZiG) and laying the groundwork for the planned transition to a mono-currency system.
The 2026–2030 Strategic Plan is built around three Strategic Key Focus Areas (SKFAs) supported by three Enabling Key Focus Areas (EKFAs) aligned to monetary policy with broader Government priorities.
Under SKFA 1, the RBZ aims to improve the quality and circulation of ZiG banknotes, deepen the foreign exchange market through the willing-buyer willing-seller system and introduce a new electronic trading platform to enhance transparency.
Significant emphasis is also on building gold and foreign currency reserves to between three and six months of import cover by 2030.
SKFA 2 focuses on modernising monetary policy through improved liquidity management, deeper money and capital markets and a gradual shift towards an inflation – targeting framework supported by stronger data systems.
Clearer communication is also prioritised to better anchor inflation expectations.
Under SKFA 3, the RBZ will continue strengthening financial sector supervision by adopting international standards such as Basel III, enhancing anti-money laundering controls, promoting financial inclusion and integrating climate and sustainability risks into oversight frameworks.
Supporting these goals are enabling pillars centred on digital transformation, talent development and institutional sustainability, including completion of the RBZ balance sheet clean-up.
RBZ Governor, Dr John Mushayavanhu, said the strategy is designed to secure macroeconomic stability while preserving flexibility.
“The Reserve Bank will work on the timely achievement of the conditions precedent for a smooth transition to mono-currency,” he said, citing low inflation, adequate reserves and policy coordination as critical requirements.
He noted that inflation, which fell below 20 percent in 2025, is expected to reach single digits in 2026.
“We will stay the course with prudent and disciplined monetary policy to safeguard price and exchange rate stability,” Dr Mushayavanhu said.
The RBZ said the strategy positioned the bank to respond effectively to domestic and global economic shifts while reinforcing confidence in the local currency.
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