Farirai Machivenyika-Senior Reporter
RESERVE Bank of Zimbabwe Governor Dr John Mushayavanhu will today meet Members of Parliament to brief them on the Monetary Policy Statement he presented last Friday.
Parliament confirmed today’s meeting in a statement.
“The RBZ Governor Dr John Mushayavanhu will present and further unpack the Monetary Policy Statement to Members of Parliament and staff on Monday 2 March 2026 at 10am in the Multi-Purpose Hall,” reads the statement.
In his statement, Dr Mushayavanhu said the central bank will introduce new bank notes on April 7 and they will circulate alongside existing notes.
The new notes will include ZiG10, ZiG20 and ZiG50, while the ZiG100 and ZiG200 will be introduced at a time to be determined by the RBZ.
Dr Mushayavanhu reiterated that the introduction of the new banknotes will not be inflationary as the issuance will be strictly demand-driven.
Banks will exchange electronic balances held at the central bank for physical cash, meaning there will be no net increase in reserve money.
Dr Mushayavanhu also announced several policy interventions that include slashing bank charges and refining exchange trading regime that will be rolled out under the central bank’s ongoing tight liquidity management framework.
The framework has already delivered key milestones, including a plunge in previously stubborn inflation and exchange rate stability.
“Our thrust in 2026 is to entrench price and exchange rate stability through disciplined monetary targeting and enhanced market-based instruments.
“The bank will maintain a prudent reserve money growth trajectory consistent with the objective of sustaining low and stable inflation,” Dr Mushayavanhu said.
He added that the apex bank remains committed to a market-determined exchange rate under the willing-buyer, willing-seller arrangement, while enhancing transparency and settlement discipline with the foreign exchange market will continue to operate on a transparent, market-driven basis, with the bank intervening only to smooth excessive volatility.
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