Regulatory Alerts2026-01-01
Foreign Exchange Directive FXD5/2026
The Reserve Bank of Zimbabwe issued Foreign Exchange Directive FXD5/2026 to operationalize recent monetary policy measures and deepen domestic currency (ZiG) usage across key economic sectors. The directive mandates specific foreign currency retention thresholds for exporters and gold miners, permits local financing for cotton and tobacco buybacks without prior approval, and enforces strict reporting and compliance protocols for tourism operators and cross-border road freight services. It also establishes a 2:1 gearing ratio limit for greenfield foreign investments, restricts offshore account operations to external debt servicing, and outlines eight macroeconomic conditions that will trigger a gradual transition to an exclusive mono-currency system for all domestic transactions.