Selected fuel stations across Zimbabwe have started accepting ZiG payments as authorities push wider use of the local currency.
Some filling stations across Zimbabwe have started accepting payments in the Zimbabwe Gold (ZiG), signalling growing confidence in the local currency as Government pushes for wider use across the economy. The development marks a significant shift in the fuel sector, where transactions have largely been dominated by foreign currencies.
The move follows continued efforts by authorities to stabilise the ZiG and increase its use in daily commerce. Government has introduced measures requiring part of taxes and public-sector transactions to be paid in ZiG as part of a broader strategy to reduce dependence on the United States dollar.
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The ZiG was introduced by the Reserve Bank of Zimbabwe (RBZ) in April 2024 under wider monetary reforms aimed at restoring trust after years of currency instability. Early adoption was limited in key sectors such as fuel retailing, where many operators preferred foreign currency payments.
A snap survey conducted in Bulawayo found that some motorists were now buying fuel using ZiG at selected service stations. However, transactions were being handled under controlled conditions, with several stations limiting the volume of local-currency sales.
Industry players said ZiG fuel purchases are currently being processed using varying exchange rates. These rates are reportedly determined by prevailing market conditions and each operator’s internal pricing systems.
One fuel attendant in Bulawayo said the station had started accepting ZiG, but on a limited basis. “We have started accepting ZiG at our station. However, we limit transactions and mostly deal with large corporate clients that deposit funds for fuel purchases on account,” the attendant said.
The worker added that while volumes are controlled, the system is operating smoothly and motorists are being served efficiently using the local currency. Operators say transaction caps are helping them monitor usage and manage accountability.
Another petrol attendant said the development has improved convenience for customers who earn salaries in local currency. “Accepting ZiG has brought convenience to clients who earn in local currency. For now, we are limiting daily transactions to ensure proper monitoring and accountability,” the attendant said.
Motorists have welcomed the change, saying it provides more payment options. Mr Charles Phiri said he was able to buy fuel using ZiG without delays. “I managed to buy fuel using ZiG and the process was quite seamless. It’s a welcome development, especially for those of us who earn in local currency,” he said.
Business leaders say expanding ZiG use in strategic sectors such as fuel is important for strengthening confidence in the currency. Confederation of Zimbabwe Retailers president Denford Mutashu said wider acceptance would reinforce the role of ZiG in the multi-currency system.
“The ZiG is a national sovereign currency. Expanding its usage across sectors strengthens its demand and confirms its growing stability. Service stations that are accepting ZiG are demonstrating both confidence and progressiveness,” he said.
Economic analysts say fuel retailing has traditionally been one of the most dollarised sectors in Zimbabwe, making the latest development important. Bulawayo-based analyst Reginald Shoko said even limited acceptance of ZiG is a meaningful milestone.
“Fuel has largely been sold in foreign currency, so even limited acceptance of ZiG is a meaningful step. It reflects growing confidence and signals potential for wider adoption as stability improves,” he said.
The RBZ says the ZiG is backed by gold reserves and foreign currency holdings. Economists say broader use of the currency in high-demand sectors can help reduce dollarisation pressures and support long-term monetary stability.
RBZ Governor Dr John Mushayavanhu recently acknowledged concerns over limited circulation of ZiG notes, especially in southern Zimbabwe, where the US dollar and South African rand remain widely used. He said the central bank has deployed teams to promote acceptance and build confidence.
Communities in Bulawayo and surrounding provinces continue to rely heavily on the rand and US dollar, especially in informal trade. However, analysts say tighter monetary controls, improved policy consistency and increased gold reserves are helping create a more stable environment for ZiG growth.
