50 RESERVE BANK OF ZIMBABWE 50
I promise to pay the bearer on demand
50 FIFTY ZIG
for the Reserve bank of Zimbabwe
Dr John Mushayavanhu
Governor
Harare 2026
The ZiG — short for Zimbabwe Gold — was introduced in April 2024 as Zimbabwe's sixth attempt at a stable currency since the catastrophic hyperinflation of the late 2000s. Unlike its predecessors, it is nominally backed by a reserve of physical gold and foreign currency held by the Reserve Bank, a structural commitment the RTGS dollar, ZIMDOLLAR, and bond notes notably lacked. Whether that backing holds under fiscal pressure remains the open question.
Fidelity Printers and Refiners, a Reserve Bank subsidiary, has produced Zimbabwe's domestic currency output since the hyperinflation years — a deliberate self-sufficiency measure after the country's dependence on foreign printers became a logistical and political liability.
The ZiG — short for Zimbabwe Gold — was introduced in April 2024 as Zimbabwe's sixth attempt at a stable currency since the catastrophic hyperinflation of the late 2000s. Unlike its predecessors, it is nominally backed by a reserve of physical gold and foreign currency held by the Reserve Bank, a structural commitment the RTGS dollar, ZIMDOLLAR, and bond notes notably lacked. Whether that backing holds under fiscal pressure remains the open question.
Fidelity Printers and Refiners, a Reserve Bank subsidiary, has produced Zimbabwe's domestic currency output since the hyperinflation years — a deliberate self-sufficiency measure after the country's dependence on foreign printers became a logistical and political liability.