Vol. 28 No. 15

Week Ending
10TH April 2026

Weekly Economic
Highlights
TABLE OF CONTENTS


GOLD PM FIX, MOSI-OA-TUNYA GOLD COINS AND
7.

1. OVERVIEW
This bulletin contains an overview of key developments in the monetary and financial sectors of the economy
for the week ending 10 April 2026. It includes updates on domestic money and capital markets, national
payment systems, exchange rates and global commodity prices.
The local currency deposit rates remained stable across most tenors, save for one‐month,3-month and
six‐month maximum deposit rates, which increased. The Foreign currency deposit rates remained unchanged
across all maturities. On the lending side, local currency rates rose for individuals but declined for corporates.
In foreign currency lending, individual minimum rates increased while maximum rates declined, and for
corporates both minimum and maximum rates decreased.
Capital markets exhibited mixed sentiments during the week ending 10th April 2026, the Zimbabwe Stock
Exchange (ZSE) experienced mixed trading sentiments, adding 0.33% to close at 360.46 points, while bearish
sentiments characterized the Victoria Falls Stock Exchange (VFEX), thereby losing 8.07% to close at 240.95
points.
The total value of transactions processed through the National Payment Systems platforms decreased by
13.16% from ZiG46.87 billion reported in the previous week to ZiG40.70 billion. The volume of transactions
processed decreased by 8.25% from 21.70 million to 19.91 million during the same period under review. The
largest share of transactional values was processed through the Real-Time Gross Settlement (RTGS) system,
accounting for 72.11%, while mobile money accounted for 84.64% of the transaction volumes.
The Zimbabwe Gold (ZiG) currency appreciated by 0.39%, during the week ending 10 April 2026, from an
average of per ZiG25.34 per US$1 to ZiG25.24.
International prices for gold, platinum, palladium, and copper rose during the week, while nickel, Brent crude
oil, and lithium declined. Gold prices were supported by safe‐haven demand amid heightened geopolitical
tensions, particularly surrounding the US–Iran conflict and concerns over disruptions to global trade routes.
Platinum prices rose on stronger demand and supply constraints linked to high costs, labour issues, and ageing
mines in South Africa. Palladium also gained on firmer automotive demand amid ongoing supply challenges,
while lithium prices eased slightly due to measures to curb speculation and signs of improving supply.

2. INTEREST RATES

Average commercial bank deposit rates (Local Currency (ZiG) (%)
Deposit rates
20-Mar-2026
27-Mar-2026
02-Apr-2026
10-Apr-2026
Savings


Minimum

Maximum

1-month deposit


Minimum

Maximum

3-months deposit


Minimum

Maximum

6-months deposit


Minimum

Maximum

12-months deposit


Minimum

Maximum

Over 1 year


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026


Average commercial bank deposit rates (Foreign Currency (US$) (%)
US$ Deposit rates
20-Mar-2026
27-Mar-2026
02-Apr-2026
10-Apr-2026
Savings


Minimum

Maximum

1-month deposit


Minimum

Maximum

3-month deposit


Minimum

Maximum

6-month deposit


Minimum

Maximum

12-Month deposit


Minimum

Maximum

Over 1 year


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026

Commercial bank weighted lending rates (Local Currency (ZiG) (%)
ZiG Lending rates
20-Mar-2026
27-Mar-2026
02-Apr-26
10-Apr-26
Individuals


Minimum

Maximum

Corporates


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026

Commercial bank weighted lending rates (Foreign Currency (US$) (%)
US$ Lending rates
20-Mar-2026
27-Mar-2026
03-Apr-2026
10-Apr-2026
Individuals


Minimum

Maximum

Corporates


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026

Commercial banks and building societies mortgage lending rates (%)
Mortgage Lending
rates
20-Mar-2026
27-Mar-2026
03-Apr-2026
10-Apr-2026
ZiG Lending rates


Minimum

Maximum

US$ Lending rates


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026

EQUITY MARKETS

ZSE Indicators


All
Share
Index
(points)
Top 10
Index
(points)
Top 15
Index
(points)
Medium
Cap
(points)
Small Cap
(points)
Mining
Index
(points)
Grand
Market
Cap (ZiG
billion)
Market
Turnover
(ZiG
million)
Volume
of Shares
(million)
20-Mar 26

27-Mar-26

02-Apr-26

10-Apr-26

Weekly
Change
(%)


(15.49)
(66.16)
(55.49)
Source: Zimbabwe Stock Exchange, 2026

VFEX Indicators
Date


All Share Index
Points
Grand Market
Capitalisation
(US$ billion)
Market Turnover
(US$ million)
Volume of Shares
(million)
20-Mar 26

27-Mar-26

02-Apr-26

10-Apr-26

Weekly Change (%)
(8.07)
3.31

5.76
Source: Victoria Falls Stock Exchange, 2026

Figure 1: ZSE and VFEX Indicators


Source: Zimbabwe Stock Exchange and Victoria Falls Stock Exchange, 2026

24-Oct-25
31-Oct-25
07-Nov-25
14-Nov-25
21-Nov-25
28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
Indices
ZSE Indices
All Share Index (ZSE)
Top 10 Index
Mining Index


24-Oct-25
31-Oct-25
07-Nov-25
14-Nov-25
21-Nov-25
28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
ZiG Thousands
ZSE Market Turnover

28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
ZiG Billion
ZSE Market Capitalisation

24-Oct-25
31-Oct-25
07-Nov-25
14-Nov-25
21-Nov-25
28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
Index
VFEX All Share Index

24-Oct-25
31-Oct-25
07-Nov-25
14-Nov-25
21-Nov-25
28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
US$ Thousand
VFEX Market Turnover
1.8


4.2
24-Oct-25
31-Oct-25
07-Nov-25
14-Nov-25
21-Nov-25
28-Nov-25
05-Dec-25
12-Dec-25
19-Dec-25
26-Dec-25
02-Jan-26
09-Jan-26
16-Jan-26
23-Jan-26
30-Jan-26
06-Feb-26
13-Feb-26
20-Feb-26
27-Feb-26
06-Mar-26
13-Mar-26
20-Mar-26
27-Mar-26
03-Apr-26
10-Apr-26
US$ Billion
VFEX Market Capitalisation

3. CLEARING AND SETTLEMENT ACTIVITY
Source: Reserve Bank of Zimbabwe, 2026

4. ENERGY PRICES

Energy Prices

20-Mar-2026
27-Mar-2026
03-Apr-2026
10-Apr-2026
Domestic Energy Prices
US$
US$
US$
US$
Diesel 50/ litre

Petrol Blend E5/ litre

LP Gas / kg


International Energy Prices
(Weekly average)
US$/barrel
US$/barrel
US$/barrel
US$/barrel
Crude Oil Prices
(US$/barrel)

Source: Zimbabwe Energy Regulatory Authority and BBC 2026

5. GOLD PM FIX, MOSI-OA-TUNYA GOLD COINS AND GOLD BACKED DIGITAL
TOKENS (GBDT)

Gold PM Fix and Gold Backed Digital Token Prices
Date
Gold PM Fix
GBDT ZiG Price per Mg
GBDT US$ Price per Mg
US$/oz
Buy
Sell
Buy
Sell
07-Apr-26

08-Apr-26

09-Apr-26

10-Apr-26

Source: London Bullion Market Association and Reserve Bank of Zimbabwe, 2026


PAYMENT STREAM
WEEK ENDING
02 April 2026
WEEK ENDING
10 April 2026
WEEKLY
CHANGE (%)

VALUES

RTGS
34,420,841,294.63
29,350,155,060.23
(14.73)
Of which ZiG
12,341,682,608.65
10,254,487,801.04
(16.91)
Of which US$ transactions
(ZiG Equivalent)
33,186,158,685.98
28,593,833,584.70
(13.84)
POS
2,987,401,652.62
2,523,878,049.51
(15.52)
ATM
2,822,245,261.04
1,968,487,585.45
(30.25)
MOBILE BANKING
422,691,036.12
337,169,573.69
(20.23)
MOBILE MONEY
5,806,592,646.45
6,137,657,231.02
5.70
ZIPIT MOBILE
410,765,506.72
384,441,165.03
(6.41)
TOTAL
46,870,537,397.58
40,701,788,664.92
(13.16)

VOLUMES

RTGS
228,487
152,558
(33.23)
Of which ZiG
83,773
55,417
(33.85)
Of which US$
144,714
97,141
(32.87)
POS
2,441,310
1,995,004
(18.28)
ATM
317,531
222,677
(29.87
MOBILE BANKING
429,997
329,050
(23.48)
MOBILE MONEY
17,878,893
16,852,636
(5.74)
ZIPIT MOBILE
404,374
358,898
(11.25)
TOTAL
21,700,592
19,910,823
(8.25)

Mosi-oa-Tunya Gold Coin Prices
Gold Coin
Price
07-Apr-2026
08-Apr-2026
09-Apr-2026
10-Apr-2026
1.00Oz


US$

ZiG

0.50Oz


US$

ZiG

0.25Oz


US$

ZiG

0.10Oz


US$

ZiG

Source: Reserve Bank of Zimbabwe, 2026


6. EXTERNAL SECTOR


Exchange Rate Developments (ZiG per Unit of Foreign Currency)


USD
ZAR
GBP
BWP
EURO
Weekly Average
(30 Mar – 02 Apr)

07-Apr-26

08-Apr-26

09-Apr-26

10-Apr-26

Weekly Average
(06 Apr – 10 Apr)

Appr (-)/Depr (+) (%) of the
ZiG

Source: Reserve Bank of Zimbabwe, 2026


International Commodity Prices

Gold
Platinum
Palladium
Nickel
Lithium

US$/oz
US$/ounce
US$/ounce
US$/tonne
US$/tonne
Weekly Average
(30 Mar – 02 Apr)

07-Apr-26

08-Apr-26

09-Apr-26

10-Apr-26

Weekly Average
(07 Apr – 10 Apr)

Weekly change (%)

Source: BBC, KITCO and Bloomberg, 2026

Figure 3: Average Weekly International Commodity Price Developments (31st October 2025– 10th April 2026)


Source: BBC, KITCO and Bloomberg, 2026

RESERVE BANK OF ZIMBABWE
APRIL 2026

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Gold

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Crude Oil

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Platinum

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Palladium

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Nickel

28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
20-Feb
27-Feb
6-Mar
13-Mar
20-Mar
27-Mar
3-Apr
10-Apr
US$/oz
Lithium