Vol. 28 No. 14

Week Ending
02ND April 2026

Weekly Economic
Highlights
TABLE OF CONTENTS


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

1. OVERVIEW
This report highlights a snapshot of key developments in the monetary and financial sectors of the economy
for the week ending 2nd April 2026. It shows trends in domestic money and capital markets, national payment
systems, exchange rates, and global commodity prices.
Local and foreign currency time deposit rates remained unchanged across all maturities during the week under
review. On the lending side, both the local and foreign currency lending rates increased across most tenors
except for foreign maximum individuals’ rates which declined.
Capital markets for the week ending 2nd April 2026, the Zimbabwe Stock Exchange (ZSE) traded negatively,
losing 0.85% to close at 359.27 points, while the Victoria Falls Stock Exchange (VFEX) traded positively,
adding 4.14% to close at 262.09 points.
The total value of transactions processed through the National Payment Systems platforms increased by 1.96%
from ZiG45.97 billion reported in the previous week to ZiG46.87 billion. The volume of transactions
processed increased by 7.07% from 20.27 million to 21.70 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 73.44%, while mobile money accounted for 82.39% of the transaction volumes. On the US$1
during the week ending 2nd April 2026.
The Zimbabwe Gold (ZiG) currency depreciated by 0.07% during the week ending 2 April 2026, from an
average of ZiG25.32 per US$1 to ZiG25.34
The weekly international average prices for gold, platinum, lithium and nickel increased, during the week
ending 2 April 2026, largely reflecting heightened geopolitical tensions in the Middle East. These
developments heightened global risk perceptions and supported broad-based commodity price gains. Gold
prices increased because of the largely driven safe‐haven demand, as investors sought to hedge against
heightened geopolitical uncertainty linked to the intensifying conflict.
Platinum prices rose because of the increase in investment demand following sharp price corrections earlier
in the year, coupled with firm industrial demand and continued supply‐side constraints. Palladium prices
strengthened due to improved expectations for automotive sector demand and persistent supply risks. Lithium
prices rose due to the improved sentiment around global electric‐vehicle production.

2. INTEREST RATES

Average commercial bank deposit rates (Local Currency (ZiG) (%)
Deposit rates
13-Mar-2026
20-Mar-2026
27-Mar-2026
02-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
13-Mar-2026
20-Mar-2026
27-Mar-2026
02-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
13-Mar-2026
20-Mar-2026
27-Mar-2026
02-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
13-Mar-2026
20-Mar-2026
27-Mar-2026
03-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
13-Mar-2026
20-Mar-2026
27-Mar-2026
03-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)
13-Mar 26

20-Mar 26

27-Mar-26

02-Apr-26

Weekly
Change
(%)


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)
13-Mar 26

20-Mar 26

27-Mar-26

02-Apr-26

Weekly Change (%)

Source: Victoria Falls Stock Exchange, 2026

Figure 1: ZSE and VFEX Indicators


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

23-Oct-25
30-Oct-25
06-Nov-25
13-Nov-25
20-Nov-25
27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
US$ Thousand
VFEX Market Turnover

23-Oct-25
30-Oct-25
06-Nov-25
13-Nov-25
20-Nov-25
27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
Indices
ZSE Indices
All Share Index (ZSE)
Top 10 Index
Mining Index


23-Oct-25
30-Oct-25
06-Nov-25
13-Nov-25
20-Nov-25
27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
ZiG Thousands
ZSE Market Turnover

27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
ZiG Billion
ZSE Market Capitalisation

23-Oct-25
30-Oct-25
06-Nov-25
13-Nov-25
20-Nov-25
27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
Index
VFEX All Share Index
1,8


4,2
23-Oct-25
30-Oct-25
06-Nov-25
13-Nov-25
20-Nov-25
27-Nov-25
04-Dec-25
11-Dec-25
18-Dec-25
25-Dec-25
01-Jan-26
08-Jan-26
15-Jan-26
22-Jan-26
29-Jan-26
05-Feb-26
12-Feb-26
19-Feb-26
26-Feb-26
05-Mar-26
12-Mar-26
19-Mar-26
26-Mar-26
02-Apr-26
US$ Billion
VFEX Market Capitalisation

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

4. ENERGY PRICES

Energy Prices

13-Mar-2026
20-Mar-2026
27-Mar-2026
02-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
30-Mar-26

31-Mar-26

01-Apr-26

02-Apr-26

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


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

VALUES

RTGS
36,080,779,367.93
34,420,841,294.63
(4.60)
Of which ZiG
13,539,692,198.27
12,341,682,608.65
(8.85)
Of which US$ transactions
(ZiG Equivalent)
22,541,087,169.66
33,186,158,685.98
47.23
POS
2,359,118,337.41
2,987,401,652.62
26.63
ATM
1,989,095,423.25
2,822,245,261.04
41.89
MOBILE BANKING
133,720,654.69
422,691,036.12
216.10
MOBILE MONEY
5,067,981,852.37
5,806,592,646.45
14.57
ZIPIT MOBILE
340,284,297.26
410,765,506.72
20.71
TOTAL
45,970,979,932.91
46,870,537,397.58
1.96

VOLUMES

RTGS
314,819
228,487
(27.42)
Of which ZiG
112,563
83,773
(25.58)
Of which US$
202,256
144,714
(28.45)
POS
1,800,063
2,441,310
35.62
ATM
255,406
317,531
24.32
MOBILE BANKING
396,799
429,997
8.37
MOBILE MONEY
17,180,010
17,878,893
4.07
ZIPIT MOBILE
320,676
404,374
26.10
TOTAL
20,267,773
21,700,592
7.07

Mosi-oa-Tunya Gold Coin Prices
Gold Coin
Price
30-Mar-2026
31-Mar-2026
01-Apr-2026
02-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
(23 Mar – 27 Mar)

30-Mar-26

31-Mar-26

01-Apr-26

02-Apr-26

Weekly Average
(30 Mar – 02 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
(23 Mar – 27 Mar)

30-Mar-26

31-Mar-26

01-Apr-26

02-Apr-26

Weekly Average
(30 Mar – 02 Apr)

Weekly change (%)

Source: BBC, KITCO and Bloomberg, 2026

Figure 3: Average Weekly International Commodity Price Developments (31st October 2025– 02nd April 2026)


Source: BBC, KITCO and Bloomberg, 2026

RESERVE BANK OF ZIMBABWE
APRIL 2026

27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Gold

27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Crude Oil

27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Platinum

27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Palladium

27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Nickel

20-Nov
27-Nov
4-Dec
11-Dec
18-Dec
25-Dec
1-Jan
8-Jan
15-Jan
22-Jan
29-Jan
5-Feb
12-Feb
19-Feb
26-Feb
5-Mar
12-Mar
19-Mar
26-Mar
2-Apr
US$/oz
Lithium