Annual Reports

2025 Annual Report

The 2025 monetary policy achievements provided a strong foundation for fostering price, currency and exchange rate stability. Importantly, annual inflation closed the year 2025 at 15 percent, significantly outperforming the 30 percent end-period target. Infation expectations became increasingly well-anchored creating a platform for the attainment of a single-digit local currency inflation in 2026. The ensuing stability created conditions necessary for the Reserve Bank to commission a project to upgrade the ZiG Banknote Series in 2025.

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2024 Annual Report

To realize its strategic reform objectives, the Reserve Bank affirmed its strong commitment to return to core central banking practices by re-organising its internal structures and operational framework as articulated in its 5-year Strategy Plan (2025-2029). Under the new Strategy, the Reserve Bank adopted a new Vision ‘To Be An Innovative World-Class Central Bank’, focusing solely on its statutory mandate of ensuring price, currency, exchange rate and financial sector stability, anchored by effective monetary policy framework.

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2022 Annual Report

The domestic banking sector remained in a safe and sound position during 2022, with strong asset quality and adequately capitalised institutions. In the face of rapid technological developments, the sector enhanced its risk management systems and improved bank business models. All banking institutions were adequately capitalised and experienced improved financial intermediation.

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Download 2022 Audited Financial Statements