The Government of Zimbabwe has directed that all local suppliers be paid exclusively in Zimbabwe Gold (ZiG) as part of a new policy to strengthen the use of the local currency. Mthuli Ncube announced the measure together with the introduction of a National Standard Price List to guide government procurement prices. The move, supported by the Reserve Bank of Zimbabwe, forms part of broader reforms aimed at reducing dollarisation and increasing confidence in the ZiG.
The Government will now pay all current and new local suppliers exclusively in the domestic currency, the Zimbabwe Gold (ZiG), following a new directive announced by Finance authorities.
Mthuli Ncube announced the measure on Friday as part of a new pricing framework aimed at strengthening the use of the local currency and improving control over public spending.
The announcement was made alongside the introduction of a National Standard Price List (NSPL), which will provide reference prices for commonly procured goods and services across Government ministries, departments and agencies.
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The directive confirms a policy shift that was signalled in the 2026 National Budget, positioning the Government as a key driver in promoting the use of the local currency in economic transactions.
According to a statement from the Ministry of Finance, Economic Development and Investment Promotion, the measure is intended to guarantee value for money, improve transparency and reduce costs in public procurement.
“The Government of Zimbabwe will lead in the use of the local currency, and as a result, payments to local suppliers will be made solely in the local currency,” said Minister Ncube.
Treasury said further implementation guidelines have already been sent to ministries through Treasury Circular No. 4 of 2026 and a directive issued by the Procurement Regulatory Authority of Zimbabwe.
Officials said the new policy is part of wider public financial management reforms that also include the rollout of an electronic Government Procurement system. Authorities have also indicated that preference will be given to goods and services produced locally.
The move comes as monetary authorities continue efforts to strengthen confidence in the ZiG. The Reserve Bank of Zimbabwe is preparing to introduce a new series of ZiG banknotes into circulation from 7 April 2026, including higher denominations such as ZiG50 and eventually ZiG100 and ZiG200.
Recent figures show inflation has dropped to 3.8 percent in February. However, many transactions in the economy, especially in the informal sector, are still conducted in United States dollars.
Treasury’s directive is viewed as an important step in the Government’s effort to reduce the use of foreign currency in local transactions. The policy does not apply to foreign suppliers, who will continue to receive payments in foreign currency.
