The Reserve Bank of Zimbabwe (RBZ) has introduced a new monetary policy instrument,
the Zimbabwe Gold (ZiG) Denominated Term Deposit Facility Bill (ZiGDTDF), as part of its
broader efforts to enhance liquidity management and stabilise the local currency.
The facility forms part of the RBZ’s Open Market Operations toolkit and is designed to
absorb excess ZiG liquidity from the market in a structured, market-based manner. By
reducing surplus money in circulation, the central bank directly supports price stability and
protect the purchasing power of consumers.
The ZiGDTDF is offered in three tenors:
30 days at 8%
60 days at 9%
90 days at 11%
The instrument is accessible to a wide range of participants, including commercial banks,
corporates and individual investors, providing an opportunity to earn returns while
contributing to currency stabilisation efforts.
The facility is also intended to promote savings and investment in the local currency, building
on the ongoing ZiG stability and strengthening confidence in the domestic currency.