Currency of Zimbabwe: Zimbabwe Gold (ZiG)
Zimbabwe Gold (ZiG) Β· ZWG Β· Multi Currency
How Zimbabwe's Currency System Works
Zimbabwe uses Zimbabwe Gold (ZiG), ISO code ZWG, within a multi-currency system. The Reserve Bank of Zimbabwe issues ZiG, while its 2026 foreign-exchange guidance permits foreign currencies to be used as legal tender alongside the local currency.
The Reserve Bank of Zimbabwe issues ZiG. Its 2026 foreign-exchange guidance also permits foreign currencies to be used as legal tender, so prices and payments can involve more than one currency and should be identified by code.
Because Zimbabwe permits foreign currencies to circulate alongside ZiG, amounts should carry an explicit currency code whenever the unit is not obvious. The multi-currency framework is broader than a two-currency system.
Exchange Rate for ZWG
Exchange rates for the Zimbabwe Gold (ZiG) change with the quoted pair and date. For Zimbabwe, use the dated reference as a benchmark rather than assuming it is the exact rate a bank, card or cash desk will apply.
Banknotes and Coins
Banknotes
Zimbabwe's local currency is Zimbabwe Gold, ISO code ZWG. The upgraded BiG 5 series contains ZiG10, ZiG20, ZiG50, ZiG100 and ZiG200 notes. ZiG10, ZiG20 and ZiG50 began the 2026 rollout first, with the higher denominations introduced in phases.
Coins
ZiG1, ZiG2 and ZiG5 coins remain in circulation. Zimbabwe also permits denominated foreign currencies as legal tender under its multi-currency framework, but those currencies keep their own issuer-specific denomination sets.
Frequently Asked Questions
What currency is used in Zimbabwe?
Zimbabwe uses Zimbabwe Gold (ZiG, code ZWG) within a multi-currency system. Reserve Bank of Zimbabwe guidance for 2026 confirms that permitted foreign currencies can continue to be used as legal tender alongside ZiG.
Who manages the currency system in Zimbabwe?
Reserve Bank of Zimbabwe is the main monetary authority identified for Zimbabwe.
Are the exchange rates for Zimbabwe real-time?
For the Zimbabwe Gold (ZiG) (ZWG), a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. The figure is informational and can differ from a bank, card or cash-counter quote. This separation keeps the institutional fact separate from market data.
Sources & methodology
For monetary-system facts, the primary reference is Reserve Bank of Zimbabwe, supplemented by the applicable framework for Zimbabwe. Currency identification uses ISO 4217 for ZWG, with institutional exchange arrangements separated from time-specific rate data. The result is the exchange-rate context transparent.
View sources used for this page
- Reserve Bank of Zimbabwe - Foreign Exchange Transactions Guidelines 2026
- Reserve Bank of Zimbabwe - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- Reserve Bank of Zimbabwe - 2026 BiG 5 ZiG rollout