Vol. 28 No. 7

Week Ending
13th February 2026

Weekly Economic
Highlights
TABLE OF CONTENTS


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

1. OVERVIEW
This report summarises major developments in the monetary and financial sectors of the economy during the
week ending 13th February 2026. It includes updates on domestic money and capital markets, national
payment systems, exchange rates, and global commodity prices.
Both the local and foreign currency deposit rates remained unchanged across all tenors, during the week under
review. The local currency lending rates recorded a decline for corporate clients. Meanwhile individual clients’
minimum rates remained the same and maximum lending rates increased. The foreign currency lending rates,
the maximum rates for individuals and the minimum rates for corporates increased. Conversely, the minimum
rates for individuals and the maximum rates for corporates declined.
Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) exhibited bullish sentiments
during the week ending 13th February 2026. As such, both the ZSE and VFEX indices added 1.01% and 4.94%
to close at 364.36 points and 217.58 points, respectively.
The total value of transactions processed through the National Payment Systems platforms decreased by
3.30% from ZiG36.03 billion reported in the previous week to ZiG34.84 billion. The volume of transactions
processed increased by 2.68% from 16.43 million to 16.87 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 75.15%, while mobile money accounted for 86.37% of the transaction volumes.
Zimbabwe Gold currency (ZiG) appreciated by 0.35% to an average of ZiG25.57 per US$1, from an average
of ZiG25.66 per US$1 recorded in the previous week.
The weekly average prices for platinum, palladium and lithium declined, whilst those for gold, nickel and
Brent crude oil increased during the week ending 13th February 2026. Gold prices increased following softerthan-expected U.S. inflation data, which bolstered investor anticipation of Federal Reserve rate cuts in the
year. The rise in nickel prices was fuelled by expectations of tighter global supply after Indonesia, the world’s
largest nickel producer, implemented lower mining quotas for 2026.
Platinum prices remained subdued due to low industrial demand, particularly from automotive and
manufacturing sectors. Palladium prices declined on account of dampened demand prospects, particularly
from the automotive sector, where it is mainly used in catalytic converters. Lithium prices also declined driven
by cautious market expectations for electric vehicle and battery demand growth, including potential
slowdowns in early-year consumption and reduced buying interest.

2. INTEREST RATES

Average commercial bank deposit rates (Local Currency (ZiG) (%)
ZiG Deposit rates
23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-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
23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-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
23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-2026
Individuals


Minimum

Maximum

Corporates


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026


Commercial bank weighted lending rates (Foreign Currency (US$) (%)
US$ Lending rates
23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-2026
Individuals


Minimum

Maximum

Corporates


Minimum

Maximum

Source: Reserve Bank of Zimbabwe, 2026


Commercial banks and building societies mortgage lending rates (%)
Mortgage Lending
rates
23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-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)
23-Jan-26

30-Jan 26

06-Feb 26

13-Feb 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)
23-Jan-26

30-Jan-26

06-Feb-26

13-Feb-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


1.8
1.9


17-Oct-25
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
US$ Billion
VFEX Market Capitalisation

17-Oct-25
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
Index
VFEX All Share Index

17-Oct-25
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
US$ Thousand
VFEX Market Turnover

17-Oct-25
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
ZiG Billion
ZSE Market Capitalisation

17-Oct-25
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
Indices
ZSE Indices
All Share Index (ZSE)
Top 10 Index
Mining Index


17-Oct-25
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
ZiG Thousands
ZSE Market Turnover

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

4. ENERGY PRICES

Energy Prices

23-Jan-2026
30-Jan-2026
06-Feb-2026
13-Feb-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

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
09-Feb-26

10-Feb-26

11-Feb-26

12-Feb-26

13-Feb-26


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


PAYMENT STREAM
WEEK ENDING
06 February 2026
WEEK ENDING
13 February 2026
WEEKLY
CHANGE (%)

VALUES

RTGS
25,476,867,913.20
26,181,572,531.75
2.77
Of which ZiG
8,260,583,601.61
7,778,726,455.91
(5.83)
Of which US$ transactions
(ZiG Equivalent)
17,216,284,311.59

18,402,846,075.84

6.89
POS
2,620,938,939.89
1,834,757,424.68
(30.00)
ATM
2,546,637,669.45
1,837,374,703.65
(27.85)
MOBILE BANKING
375,887,363.52
253,651,732.86
(32.52)
MOBILE MONEY
4,698,728,286.30
4,452,360,090.72
(5.24)
ZIPIT MOBILE
306,589,212.37
278,199,008.26
(9.26)
TOTAL
36,025,649,384.73
34,837,915,491.92
(3.30)

VOLUMES

RTGS
191,726
166,610
(13.10)
Of which ZiG
64,722
59,335
(8.32)
Of which US$
127,004
107,275
(15.53)
POS
2,109,232
1,435,082
(31.96)
ATM
303,504
199,301
(34.33)
MOBILE BANKING
372,637
240,012
(35.59)
MOBILE MONEY
13,111,976
14,567,092
11.10
ZIPIT MOBILE
337,377
258,699
(23.32)
TOTAL
16,426,452
16,866,796
2.68

Mosi-oa-Tunya Gold Coin Prices
Gold Coin
Price
09-Feb-2026
10-Feb-2026
11-Feb-2026
12-Feb-2026
13-Feb-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
(02 Feb – 06 Feb)

09-Feb-26

10-Feb-26

11-Feb-26

12-Feb-26

13-Feb-26

Weekly Average
(09 Feb – 13 Feb)

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
(02 Feb – 06 Feb)

09-Feb-26

10-Feb-26

11-Feb-26

12-Feb-26

13-Feb-26

Weekly Average
(09 Feb – 13 Feb)

Weekly change (%)

Source: BBC, KITCO and Bloomberg, 2026

Figure 3: Average Weekly International Commodity Price Developments (31st October 2025– 13th February 2026)


Source: BBC, KITCO and Bloomberg, 2026

RESERVE BANK OF ZIMBABWE
FEBRUARY 2026

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Gold

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Crude Oil

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Platinum

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Palladium

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Nickel

31-Oct
7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
12-Dec
19-Dec
26-Dec
2-Jan
9-Jan
16-Jan
23-Jan
30-Jan
6-Feb
13-Feb
US$/oz
Lithium