RBZ Tests Public Confidence in ZiG One Year After Launch
The Reserve Bank of Zimbabwe (RBZ) has reportedly launched a new survey to measure whether Zimbabweans still have confidence in the gold-backed Zimbabwe Gold (ZiG) currency.
The follow-up comes after the ZiG hit the market on 5 April 2024 with promises of stability and reform.
Also Read: RBZ Reveals Strategy to Ditch US Dollar by 2030 and Make ZiG Sole Currency
From Early Enthusiasm to Reality Check
At its launch, a baseline survey showed that nearly 80 percent of Zimbabweans accepted ZiG. However, the central bank now wants to know if that support has held steady or faded over time. In its statement, the RBZ confirmed that the study will run until the end of December 2025.
Also Read: New Look ZiG Banknotes on the Way as RBZ Begins Printing
Probing Public Usage and Confidence
The questionnaire takes a direct approach, asking citizens whether they have used ZiG in real transactions since launch, whether they find it more stable compared to January 2025, and whether they are keeping their ZiG balances for longer or quickly cashing them out.
Confidence in the central bank itself is also under scrutiny, with one of the survey questions explicitly asking: “What is your confidence level that the Reserve Bank will stay the course to ensure sustainability of ZiG?”
Guiding Future Monetary Policy
The RBZ says perception surveys are “critical in measuring public confidence, stability, and adoption of the currency while guiding future monetary policy interventions.”
The exercise covers cash transactions, card payments, and mobile money platforms to give the bank a broad view of how ZiG is functioning on the ground.
The ZiG was launched as a medium of exchange, a store of value, and a unit of account. This latest study will reveal whether those promises are still being fulfilled or if public faith in the currency is waning.
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The post RBZ Tests Public Confidence in ZiG One Year After Launch appeared first on iHarare News.
