Kombies and Mshikashika drivers in Harare have reportedly resorted to sweets and zapnax as form of change.

They are giving sweets and zapnax equivalent to 0.50 cents change as the country waits for the new gold-backed currency ZiG notes expected to circulate starting from April 30 2024.

The Zim Gold (ZiG) was introduced last week Friday.

Consumers in Zimbabwe are also waiting for the greenlight to buy basic needs using the ZiG electronic payment.

There is satisfactory progress from Zimbabwe’s banking sector in converting the ZWL balances to new ZiG currency.

However, the supermarkets and other shops are not yet taking the ZiG electronic payments despite some having price tags in both ZiG and US dollars.

So far, the consumers are facing challenges with change due to the absence of new ZiG notes in the market.

Government critic and economist Gift Mugano said the unavailability of ZiG notes has caused a national crisis in many sectors.

“The absence of ZiG notes has made it difficult for people to transact. The ZWL was used as change and as such because it was initially withdrawn from the market by the RBZ, people are facing a nightmare when it comes to change when commuting or paying for goods in the Tuck-shops.

We hear that people are now paying for US$1 in Kombies where they usually pay 50c and US$2 where they were paying US$1 as the transport sector aims to restore traditional pricing differential informed by distance,” he said

Mugano also added that:

“However, households who don’t participate in electronic payments and don’t have USD will have difficulties in accessing basic commodities. They are technically excluded from the economic system. I know that RBZ has insisted that the ZWL is still a legal tender. The fundamental problem we have is that they had previously alluded that we must move into ZiG use with immediate effect.

The market doesn’t want this kind of confusion. So, you will see that the ZWL will be rejected notwithstanding the corrections done by RBZ. GOZ is obviously aware of this because they have a robust intelligence system. People in GOZ also meet the same challenges because they consume the same products with the rest of the public,” added Mugano


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