Zimbabwe’s Central Bank Defends ZiG Reforms, Pushes Back on Key IMF Recommendations: Staff Report

The Reserve Bank of Zimbabwe (RBZ) agreed that inflation is falling and the new ZiG currency is stabilizing—but disagreed with the IMF on how to manage it, according to the authorities’ views expressed in the IMF Staff Report analyzing Zimbabwe’s economy.

👉Here’s the RBZ’s position:

🟠Keeps a tight money policy—it’s working;

🟠Stands by the 30% rule: exporters must sell 30% of foreign earnings to the central bank;

🟠Rejects the IMF’s push to fully free the exchange rate, saying its official rate is market-based;

🟠Open to gradual reforms—but only after building a proper interbank FX market;

🟠Goal: one currency (ZiG only) by 2030.