For much of Zimbabwe’s recent economic history, the exchange rate has been more than a financial indicator.
It has been a measure of anxiety.
Businesses have watched it when deciding how much stock to hold. Workers have followed it when assessing the real value of their salaries. Landlords, retailers and service providers have used it, directly or indirectly, to protect themselves against sudden changes in purchasing power.
That makes what is happening in 2026 unusual.
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Prosper Makunike is a Staff Writer at The Granite Post covering Zimbabwean news, public affairs, business and major national developments. He reports on stories affecting communities across the country, with a focus on clear, factual and accessible journalism.
View author profileAnnual ZiG inflation dropped to 2.9% in August, the lowest since independence, 18 April 1980. But the central bank says some banks have not cut lending rates since June, leaving borrowers paying more than 40% while prices barely move.
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